India Gold Imports Drop
@karjatwala (1120)
Pune, India
April 13, 2016 5:54am CST
The drop could be not due to the reduction of consumption but due to the ongoing strike since more than a month. Once the strike is called off, there will be a surge in the import of gold to compensate for the slump.
The world's second biggest consumer imports in March slumped to 18 tonnes from 125 tonnes in the previous year, the agency said quoting provisional data provided by a finance ministry official.
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