India Gold Imports Fall 20% in July-Sept – WGC

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.

Click here to read the full Reuters report.