The decision of the Reserve Bank of India (Reserve Bank of India, RBI) on easing restrictions on gold imports led to a sharp increase in the turnover of yellow metal. According to Vipul Shah, the chairman of the Gem and Jewelery Export Promotion Council (Gemer Jewelery Export Promotion Council, GJEPC), "this will facilitate the purchase of gold for industry participants who can expand their presence in the US market, where, as far as possible the recovery of the economy is growing demand for diamond jewelry. "
This measure will also save 3,500,000 jobs for Indians engaged in gold trading and related to this sector. Merchants of gold bars believe that the RBI decision will lead to an increase in the import of gold by 15-20 tons per month and will facilitate the supply of this metal to the market. According to the forecast of the World Gold Council (WGC), in 2014 the volume of gold consumption in India will be 900-1000 tons.