Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
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BULK DELIVERY OF OFFICIAL GOLD IMPORTS<br />
SOURCES OF BULK DELIVERY<br />
More than 95% of shipments originate from, or are routed through, Switzerland, South Africa and the United<br />
Kingdom.<br />
According to the DGCIS, the table below – based on consignment notes - generally indicates the last port of call prior to the<br />
shipment landing in India.<br />
It does not reflect the actual quantity of bars produced in each country. For example, TT bars made in South Africa are<br />
often transported via Zurich.<br />
While highlighting Switzerland as a bullion transit centre, it also underlines the importance of Switzerland, South Africa and<br />
the UK as major producers of TT bars.<br />
Country Tonnes<br />
1996-97 1997-98 1998-99 1999-00 1999-01<br />
Switzerland 42.7 179.6 235.2 236.2 306.3<br />
South Africa 0.8 11.9 101.3 149.4 69.9<br />
UK 1.2 34.5 65.6 64.2 85.5<br />
Sub-total 44.7 226.0 402.1 449.8 461.7<br />
UAE 2.1 30.3 26.9 6.9 3.8<br />
USA 1.9 4.4 5.3 10.2 0.3<br />
Australia 1.0 0.9 10.1 2.1 0.6<br />
Hong Kong 0.2 0.3 4.7 0.1 0.1<br />
Other 2.1 3.5 6.3 .2.2 4.7<br />
Total 52.0 265.4 455.4 471.3 471.2<br />
Source: Directorate General of Commercial Intelligence and Statistics (DCGIS), Kolkata. * The table combines the two categories of imports as<br />
recorded by the DGCIS: “Other non-monetary unwrought forms of gold” and “Other non-monetary semi-manufactured forms of gold”. The latter is<br />
included as gold bars are often recorded as semi-manufactured products. NRI imports are not included, as the DGCIS does not record a breakdown<br />
by port of entry. The DGCIS advise that its gold import statistics indicate the minimum amount imported, as it is not always advised of all official<br />
imports.<br />
SHIPPING AGENT OFFICES<br />
Brink’s, Group 4 and Securitrans have gold storage facilities in 17 cities. Most are located in the south.<br />
State City Brinks Group 4 Securitrans<br />
NORTH<br />
Delhi (NCT) New Delhi Yes Yes Yes<br />
Rajasthan Jaipur Yes * ** Yes<br />
Chandigarh (UT) Chandigarh Yes ** Yes<br />
WEST<br />
Maharashtra Mumbai Yes Yes Yes<br />
Maharashtra Pune Yes - -<br />
Gujarat Ahmedabad Yes Yes Yes<br />
Gujarat Surat Yes Proposed Yes<br />
SOUTH<br />
Tamil Nadu Chennai Yes Yes Yes<br />
Tamil Nadu Coimbatore Yes Yes Yes<br />
Tamil Nadu Salem - Yes -<br />
Karnataka Bangalore Yes Yes Yes<br />
Andhra Pradesh Hyderabad Yes Yes Yes<br />
Andhra Pradesh Visakhapatnam Yes Yes -<br />
Kerala Cochin - Yes -<br />
Kerala Trivandrum Yes - -<br />
EAST<br />
West Bengal Kolkata Yes Yes -<br />
Orissa Bhubaneshwar Yes ** -<br />
Total offices 15 11 10<br />
* Brink’s: Storage facility for Jaipur is planned.<br />
** Group 4: Services Jaipur and Chandigarh via Delhi, Bhubaneshwar via Kolkata.<br />
AN INTRODUCTION TO THE INDIAN GOLD MARKET 89