Indian silver imports reach record highs in 2013
Adam Pike, News Editor
19 Mar 2014, 10:55 a.m.
Silver imports into India reached record highs in 2013 as gold imports fell due to the gold import tax. Indian silver imports were up 180% to 5,500 tonnes with jewellery demand strong.
A survey undertaken by the Silver Institute also suggests silver jewellery sales in the U.S. remains strong with 73% of jewellers experiencing an increase in sales, 12% indicated a decline and 15% reported no change.
The outlook for 2014 looks just as bullish with 92% of the 2,700 jewellers surveyed believing silver jewellery sales will remain robust for several years to come.