India's silver imports glittering like gold, imports shoot up by 311% in Q1 FY14
What made silver imports zoom
Trade experts believe that the sudden surge in silver imports is partly attributed to the tight restrictions imposed by the Indian government on gold imports. Gold restrictions have drifted the general sentiment towards silver. In addition, considerable rise in demand for silver jewellery and silver crockery has contributed to the astounding growth in silver imports by the country. Also, silver’s demand as an investment option has witnessed significant boost during recent months.