{"id":13864,"date":"2012-08-24T15:10:46","date_gmt":"2012-08-24T13:10:46","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/indias-2012-gold-imports-may-drop-26-pct-gfms-head\/"},"modified":"2012-08-24T15:10:46","modified_gmt":"2012-08-24T13:10:46","slug":"indias-2012-gold-imports-may-drop-26-pct-gfms-head","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/indias-2012-gold-imports-may-drop-26-pct-gfms-head\/","title":{"rendered":"India&#8217;s 2012 gold imports may drop 26 pct- GFMS head"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">HYDERABAD, India<\/span> Aug 24 (Reuters) &#8211; Gold imports to India,<br \/>\nthe world&#8217;s biggest consumer, are likely to fall by as much as<br \/>\n26 percent, or by 200 to 250 tonnes, in 2012 as record high<br \/>\nprices hit the budgets of consumers, said the head of Thomson<br \/>\nReuters GFMS on Friday.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The south Asian country had imported a record 969 tonnes of<br \/>\nthe yellow metal in 2011 but higher import duties and a sliding<br \/>\nrupee this year have helped cut purchases.<\/p>\n<p><span><\/span><\/p>\n<p>Global prices could rise to peak at $1,800 to $1,850 an<br \/>\nounce by the end of 2012, driven by surplus cash in the market<br \/>\nand a weaker U.S. dollar, Philip Klapwijk, global head of<br \/>\nanalytics of the London-based firm, told reporters here on<br \/>\nsidelines of an international gold convention.<\/p>\n<p><span><\/span><\/p>\n<p>International spot gold was trading at $1,666.7 an<br \/>\nounce at 1226 GMT.<\/p>\n<p><span><\/span><\/p>\n<p>India&#8217;s gold imports in the second quarter of 2012 plunged<br \/>\nover 56 percent on the year to 131 tonnes, the World Gold<br \/>\nCouncil has said.<\/p>\n<p><span><\/span><\/p>\n<p>($1 = 55.5 Indian rupees)   <\/p>\n<p> (Reporting by Siddesh Mayenkar; Editing by Jo Winterbottom)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HYDERABAD, India Aug 24 (Reuters) &#8211; Gold imports to India, the world&#8217;s biggest consumer, are likely to fall by as much as 26 percent, or by 200 to 250 tonnes, in 2012 as record high prices hit the budgets of consumers, said the head of Thomson Reuters GFMS on Friday. The south Asian country had [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13864","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13864"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13864\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}