Economic TimesLean R·
Gold imports fall to 25-30 tonnes/month
Gold imports in India have declined to around 25-30 tonnes per month from the earlier level of 70-100 tonnes, with the increase in import duty helping reduce import volumes, a government source said on Thursday. "The duty hike is working," the source said, adding that the fall in gold imports was also due to factors including high gold prices, lower jewellery demand and increased recycling of gold globally.Also read: Gold rush missed: Can India dig its way out of import dependence? The governme…
Read at Economic Times →
