India likely to import 30 tonnes of gold in April

India is likely to import 30 tonnes of gold in the month of April 2009, last year the government had imported 24 tonnes of gold. It is expected that due to the rise in the sales and demand for the gold in the country there would rise in the import of the gold.

India did not import the gold in last two months due the high price of the precious metal. But there is fall in the price of gold in India. Akshaya Tritiya is ahead and the gold traders would be optimistic about good sales.

In India - Akshaya Tritiya is considered as auspicious day for purchasing gold. Gold prices was today ruling at Rs 14,350 per 10 grams in the spot market, down 10.5 per cent from the peak of Rs 16,035 on February 20.