Thursday, May 23, 2024
Today’s News

Silver Imports into India Reached a Record in February

According to government and industry officials speaking to Reuters, India’s imports of silver increased by 266% in February to a new high as significant purchases from the United Arab Emirates were encouraged by lower levies. Officials said the imports were on track to rise by 66% this year.

India, the world’s largest consumer of silver, may see higher demand, which would allow prices to rise to almost their highest point in three years.

An anonymous government official stated that India imported a record 2,295 metric tonnes of silver in February, compared with 637 tonnes in January. The official was not authorized to speak with the media.

Inside his store in Ahmedabad, India, a silver merchant weighs the silver jewelry he sells. Reuters

According to government and industry officials speaking to Reuters, India’s imports of silver increased by 266% in February to a new high as lower levies encouraged significant purchases from the United Arab Emirates. Officials said the imports were on track to rise by 66% this year.
India, the world’s largest consumer of silver, may see higher demand, which would allow prices to rise to almost their highest point in three years.

An anonymous government official stated that India imported a record 2,295 metric tonnes of silver in February, compared with 637 tonnes in January. The official was not authorized to speak with the media.

Also Read:

In February, Deposits at Saudi Banks Grew by 10.26%.   

Be Mindful of an Increase in Cyberattacks as Eid draws Near.

INTERVIEW

Press Release

Letest News

Lifestyle

Thursday, May 23, 2024

Entrepreneur Mirror is a platform with a significant focus on business, technology, startups entrepreneurship, leadership, innovation, content creation, prominent business personalities, and many more across the globe. Further, the company publishes interviews, business content, press releases, articles, etc. 

SUBSCRIBE

Copyright © 2024 Entrepreneur Mirror All Right Reserved