August gold imports nearly double from 2020 on price correction
India imported 121 tonnes of gold in August, compared to 63 tonnes a year earlier
- Sep 6, 2021,
- Updated Sep 6, 2021 12:24 PM IST
India's gold imports in August nearly doubled from a year ago to their highest level in five months on an improvement in demand and as a correction in prices prompted jewellers to ramp up purchases for the festive season, a government source said.
India imported 121 tonnes of gold in August, compared to 63 tonnes a year earlier, the source said on Monday on condition of anonymity as he is not authorised to speak to media.
In value terms, August imports surged to $6.7 billion from $3.7 billion a year ago, he said.
India's gold imports in August nearly doubled from a year ago to their highest level in five months on an improvement in demand and as a correction in prices prompted jewellers to ramp up purchases for the festive season, a government source said.
India imported 121 tonnes of gold in August, compared to 63 tonnes a year earlier, the source said on Monday on condition of anonymity as he is not authorised to speak to media.
In value terms, August imports surged to $6.7 billion from $3.7 billion a year ago, he said.