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india's silver use triples in a decade, world share up from 14.7% to 39.2%

india's silver use triples in a decade, world share up from 14.7% to 39.2% Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



india's silver use triples in a decade, world share up from 14.7% to 39.2%

silver consumption in india has increased multi-fold in the past one decade, going by a report on the precious metal released recently by the silver institute. according to the world silver survey 2018, around 601 tonnes were used in the country in 2008 for jewellery making, and rose to 2,058 tonnes in 2017. in the same period, the use of the metal in silverware rose from 481 tonnes to 1,212 tonnes. as a result, india's share of silver demand for jewellery and silverware in world market also increased from 14.7 per cent in 2008 to 39.2 per cent in 2017. during the decade, india imported nearly 45,000 tonnes of the metal. the trend for gold demand in jewellery and as an investment is quite different, having fallen in both categories in ...