Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
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For the domestic market 1990 - 2001<br />
Excludes the recycling of old gold<br />
Tonnes<br />
Year Official imports Other imports Total Mining Grand Mumbai<br />
NRI SIL OGL Sub- Unofficial Seizures imports and total gold<br />
Total for concentrates for price<br />
domestic domestic per 10 g<br />
use use (Rs)<br />
1990 - - - - 170 6.0 176 2.1 178 3,399<br />
1991 - - - - 150 5.0 155 2.0 157 4,044<br />
1992 93 - - 93 166 3.0 262 1.9 264 4,255<br />
1993 116 - - 116 122 1.5 239 2.1 241 4,384<br />
1994 158 19 - 177 118 1.1 296 2.4 298 4,652<br />
1995 228 21 - 249 134 1.1 384 2.0 386 4,798<br />
1996 256 42 - 298 109 1.1 408 2.7 411 5,191<br />
1997 398 68 62 528 113 1.3 642 2.6 645 4,556<br />
1998 93 2 533 628 60 0.5 688 2.5 691 4,182<br />
1999 4 2 554 560 90 0.9 651 2.6 654 4,333<br />
2000 4 2 526 532 140 0.7 673 7.6 680 4,520<br />
2001 2 1 599 602 70 0.5 672 9.0 681 4,462<br />
Total 1,352 157 2,274 3,783 1,442 22.7 5,246 39.5 5,286 -<br />
Table source: Grendon International Research<br />
GOLD SUPPLY AND DEMAND<br />
NET NEW GOLD SUPPLY<br />
Sources. NRI, SIL, OGL, Seizures: Madhusudan Daga and other sources. Mining: Bureau of Mines, financial year (April-March) used for annual totals.<br />
Unofficial imports: estimates by Madhusudan Daga.<br />
1990 – 1997: High growth over 8 years. From 178 tonnes to 645 tonnes.<br />
1998 – 2001: Largely static market over 4 years. Ranging between 650 – 690 tonnes.<br />
170<br />
AN INTRODUCTION TO THE INDIAN GOLD MARKET
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