Tick..Tock..Tick..Tock..the clock is ticking....
India's gold and silver imports jump 80% to $31.1bn over six months

http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=138019&sn=Detail&pid=102055

MUMBAI -
Investors in India appear to be moving out of cash and into gold and silver. As poorly performing equities hit valuations, analysts and traders insist there is an acceleration in the investing community to asset switch into precious metals.
Both the precious metals, gold and silver, recovered sharply in the domestic market on Friday, on fresh buying by stockists and jewellers here. While the yellow metal surged $7.49 to $538.47 for 10 grams, silver rose by around $7.99 to $1051 per kilo.