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GOLD BULLION refining in India, the world's heaviest end-buyer of physical gold, is running at only 25% of capacity according to industry data. The same percentage of gold refining capacity as India's industry reported in early 2012, this level of gold bullion refining now threatens to shut major plants, senior figures warn.
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India’s single largest bullion trader, that is a joint venture between the Government of India Undertaking MMTC and Switzerland-based PAMP SA, was established in 2008. It's equipped with latest state-of-the-art technologies, being among the most advanced gold and silver refining and minting facilities in the world.
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