India’s gold imports in March 2021 surge over 470% to a record 160 tonnes

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India’s gold imports in March 20201 surged 471 per cent from a year earlier to a record 160 tonnes, a government source told Reuters, as reduction in import taxes and a correction in prices from record highs drew retail buyers and jewellers. Higher imports by the world’s second-biggest bullion consumer could support benchmark gold prices, which have corrected nearly […]

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Turkey to ease gold imports

Turkey is putting the finishing touches on a plan to loosen rules that govern the import of gold to one of the world’s biggest consumers of the precious metal. The Turkish treasury is drawing up changes that would allow the certification and standardization of scrap or unregistered gold people may carry when entering Turkey, Bloomberg […]

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Indian gold imports hit three-year low in September 2019, as prices jump

India’s gold imports plunged 68 per cent year on year in September to their lowest in more than three years as record domestic gold prices curbed retail buying, reported Reuters last week. Lower imports by the world’s second biggest consumer could cap gains in global prices that are trading near their highest level in over six years, […]

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