All Rights Reserved Finance News 2020.
August gold imports doubles YoY to hit 8-month high: Govt source
MUMBAI: India’s gold imports within August nearly doubled from your year ago to the best level in eight several weeks on an improvement in expense demand and as some jewellers restocked after New Delhi eased lockdowns, a govt source said on Thursday.
The world’s second-biggest purchaser of the precious metal imported about 60 tonnes of gold in August, up by 32.1 tonnes last year, the source said. Often the source asked to continue being anonymous since he is definitely not authorised to speak to the media.
In price terms, August imports increased to $3.7 billion dollars from $1.37 billion dollars a year ago, he added.