India's gold imports in August nearly doubles to hit 8-month peak: Report
India's gold imports in August have nearly doubled from a year ago to the highest level in eight months.
India's gold imports in August almost doubled from a yr in the past to the best stage in eight months on an enchancment in funding demand and as some jewellers restocked after New Delhi eased lockdowns, a authorities supply stated on Wednesday.
The world's second-biggest patron of the treasured steel imported round 60 tonnes of gold in August, up from 32.1 tonnes a 12 months ago, the supply said. The supply requested to continue to be nameless on account that he is no longer approved to talk to the media.
In price terms, August imports surged to $3.7 billion from $1.37 billion a 12 months ago, he added.
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