Indian gold imports declined in the period between October
and December on a yearly basis. Traditionally this period is the busiest for
gold buying. The yellow metal's imports dropped 56% in last quarter of 2011 as
compared to 2010, according to Reuters report. Indian investors took advantage of
record gold prices in September-October and sold a large amount their gold
holdings, said Prithviraj Kothari, the Bombay Bullion Association President.
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