India's gold imports hit 6-year low: reports

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India's gold imports hit 6-year low: reports

Apr 06, 2020 13:49 IST

India’s gold imports plunged more than 73% year-on-year in March to their lowest in more than 6 years. Record domestic prices and a lockdown to curb the spread of coronavirus squeezed retail demand, a government source told the Reuters. The world’s second biggest consumer of the precious metal imported 25 tonnes of gold in March, down from 93.24 tonnes a year ago.

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