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December gold imports to halve as demonetisation squeezes demand

In December gold imports could fall below 50 tonnes

Reuters 

India's overseas purchases of gold could halve this month after jumping to the highest level in 11 months in November because retail demand has faltered due to the government's move to scrap high-value currency notes, industry officials told Reuters. Lower imports by the world's second-biggest consumer of gold could weigh on global prices that are already trading near their lowest level in 10 months, although it would likely help the South Asian country trim its trade deficit. "In December gold imports could fall below 50 tonnes. Retail demand is very weak ...

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December gold imports to halve as demonetisation squeezes demand

In December gold imports could fall below 50 tonnes

In December gold imports could fall below 50 tonnes. India's overseas purchases of gold could halve this month after jumping to the highest level in 11 months in November because retail demand has faltered due to the government's move to scrap high-value currency notes, industry officials told Reuters. Lower imports by the world's second-biggest consumer of gold could weigh on global prices that are already trading near their lowest level in 10 months, although it would likely help the South Asian country trim its trade deficit. "In December gold imports could fall below 50 tonnes. Retail demand is very weak ... image
Business Standard
177 22

December gold imports to halve as demonetisation squeezes demand

In December gold imports could fall below 50 tonnes

India's overseas purchases of gold could halve this month after jumping to the highest level in 11 months in November because retail demand has faltered due to the government's move to scrap high-value currency notes, industry officials told Reuters. Lower imports by the world's second-biggest consumer of gold could weigh on global prices that are already trading near their lowest level in 10 months, although it would likely help the South Asian country trim its trade deficit. "In December gold imports could fall below 50 tonnes. Retail demand is very weak ...

image
Business Standard
177 22