With the falling price of gold in the international market, gold sales picked up a feverish pitch in India.
Because of the, the import of gold is also going up.
During the month of August (2015) alone, 120 tons of gold has been imported.
This is worth comparing with the corresponding figure last year (August, 2014) – only 50 tons!
As it is expected that the price of gold will be on a falling trend, it is also probable that the import of gold will increase further!