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August gold imports doubles YoY to hit 8-month high: Govt source

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MUMBAI: India’s gold imports within August nearly doubled from the year ago to the best level in eight a few months on an improvement in expenditure demand and as some jewellers restocked after New Delhi eased lockdowns, a authorities source said on Thursday.

The world’s second-biggest purchaser of the precious metal imported about 60 tonnes of gold in August, up coming from 32.1 tonnes in 2009, the source said. Typically the source asked to keep on being anonymous since he is not really authorised to speak to the media.

In benefit terms, August imports increased to $3.7 thousand from $1.37 thousand a year ago, he added.

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