India Gold Imports Dropping

Precious Metals

Bloomberg reported that imports of gold to India have fallen and China may become the biggest consumer of the metal.

Bloomberg reported that imports of gold to India have fallen and China may become the biggest consumer of the metal.

As quoted in the market news:

Purchases may drop 7 percent to 900 metric tons this year, according to the median estimate in a Bloomberg News survey of eight analysts, brokers and jewelers including Rajesh Exports Ltd. (RJEX), the biggest gold-jewelry exporter.

Click here to read the full Bloomberg report.

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