India's November gold imports jump to 5-month high as prices retreat : Bulletin: Business Today
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India's November gold imports jump to 5-month high as prices retreat

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December 4, 2019

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India's November gold imports jump to 5-month high as prices retreat

India's gold imports in November jumped 78% from a month earlier to the highest level in five months as jewellers in the world's second-biggest market for the metal restocked after a fall in prices. Higher imports by the South Asian country could support global prices that have risen more than 12% so far in 2019, but could also widen India's trade deficit and put pressure on the rupee. India fills nearly all of its gold demand through imports.India imported 71 tonnes of gold in November, compared with 40 tonnes in October
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