Saturday, August 10, 2013

World's First Silver Motorcycle In Mumbai At India International Jewelery Show!!!

Mumbai, Aug 3 — Style statement has reached a new height with the creation of a motorcycle made fully of pure silver by a leading jewelry house here and priced between Rs.5-10 million, a representative of the maker said here Saturday. The silver bike will be unveiled at the prestigious India International Jewelry Show (IIJS) here Aug 8-12. Silver Emporium, a leading silver industry player, has created the world's first handcrafted motorcycle in silver. "It is absolutely road worthy and barring the engine, tyres and suspension, rest all components are in silver," Silver Emporium managing director Rahul Mehta told IANS.

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July 2013 Silver Imports In India Are The Highest In 5 Years.

AHMEDABAD: Silver imports recorded a staggering 258.65% growth at 857 metric tonnes (MT) in the first four months (April-July) of 2013-14 as compared to 239 MT by July 2012.
The imports of 274.922 MT in July are the highest in last five years in the first four months of a financial year. In fact, silver imports in July 2013 are the second highest in any month in the last five years.

Gold replaces narcotics as the biggest smuggled item in India!

The recent series of actions by the Indian government along with  tax hike on bullion imports have created acute shortage for gold in domestic markets. Estimates released by the country’s Finance Ministry have signaled alarming rise in illegal gold imports to the country.
The Bombay Bullion Association has stated that the tighter import curbs by the government have resulted in a huge gap between supply and demand for the precious metal. This huge gap is being partly filled by the illegal traffickers who buy the gold overseas at a cheaper rate and sells it to domestic jewelers or bullion agents by evading tax.

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