Indian Gold Book:Indian Gold Book - Gold Bars Worldwide

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