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Gold Imports by India Are Said to Slump Before Key Day for Sales

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Gold Silver Reports (GSR) – Gold Imports by India Are Said to Slump Before Key Day for Sales — Shipments plunged 47 percent to 64.2 metric tons in March from 121 tons a year earlier, the person said, asking not to be identified as the figures aren’t public. Imports in the first three months totaled 159 tons, down 42 percent from a year ago. Finance Ministry spokesman D.S. Malik didn’t answer a call to his mobile phone.                                                     

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Thieves Take 12 Kilogram of Gold From South African Mine

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Gold Silver Reports (GSR) – Thieves Take 12 Kilogram of Gold From South African Mine – The robbers accessed “heavily guarded” gold storage facilities in a significant security breach at the mine, situated in South Africa’s North West province, she said. The incident is being investigated.                          

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Nervous’ Investors Pile Into Gold ETFs

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Gold Silver Reports (GSR) – Nervous’ Investors Pile Into Gold ETFs — Holdings in all bullion-backed exchange-traded funds tracked by Bloomberg extended their ascent to the highest since 2013, rising for a fourth straight session in the longest run since January. Xetra-Gold, the third-largest commodity-linked ETF, had almost 177 million shares outstanding as of Monday, the most since the Frankfurt-listed fund started trading in 2007.               

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