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Reuters reported that imports of gold to India fell for the first time in five quarters.
Reuters reported that imports of gold to India fell for the first time in five quarters.
As quoted in the market news:
India’s jewellery demand fell 26 percent to 125.3 tonnes during the quarter, while investment demand fell 18 percent to 78 tonnes. Double-digit inflation coupled with depreciation of the Indian rupee exaggerated the fall in demand.
