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Business In Other News 02 Sep 2020 Gold imports in August doubles to hit 8-month peak as demand improves
Gold imports in August doubles to hit 8-month peak as demand improves
REUTERS
Published : Sep 2, 2020, 2:06 pm IST
Updated : Sep 2, 2020, 2:06 pm IST
In value terms, August imports surged to $3.7 billion from $1.37 billion a year ago
India's August gold imports doubles to hit 8-month peak. (Representative Image)
MUMBAI: India’s gold imports in August nearly doubled from a year ago to the highest level in eight months on an improvement in investment demand and as some jewellers restocked after New Delhi eased lockdowns, a government source said on Wednesday.
The world’s second-biggest consumer of the precious metal imported around 60 tonnes of gold in August, up from 32.1 tonnes a year ago, the source said.
In value terms, August imports surged to $3.7 billion from $1.37 billion a year ago, he added.
