Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices, which have corrected nearly 17% from an all-time high of $2,072 in August 2020. The surge in imports could increase India's trade deficit and pressure the rupee.
from Commodities-Markets-Economic Times
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Friday 2 April 2021
India's March gold imports surge 471% to record 160 tonne
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