Import Surge In India Not Matched By Exports

Given that Indian imports of gold have surged, it would be reasonable to expect exports to surge as well. That's not been the case, though; exports from India actually dropped by 8%.

High prices of gold in India--the largest marketplace for the yellow metal in the world--seem to be hurting the export of precious metal. Though gold jewellery exports from India have been surging in the last few years, they have suddenly fallen in the month of December, 2010.

Exporters and jewellers said that export enquiries from major India gold buying nations like the United States and the Gulf countries have slowed down thanks to the high price of gold....

Evidently, there's a lot of love trade in India relative to the nations that Indians export to.