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India's gold imports in Q4 may fall 25% on weak festive demand: Analysts

Lower gold purchases by India could drag global prices that have already fallen nearly 6 per cent from this year's peak

Reuters  |  Mumbai 

India's gold imports in the last quarter of 2017 could drop by a fourth from a year ago due to weak demand during key festivals and as investors seek better returns from riskier assets like equities, industry officials and analysts said. Lower gold purchases by India, the world's second-biggest consumer after China, could drag global prices that have already fallen nearly 6 percent from this year's peak. "October imports were lower than last year and even in November and December they are likely to be lower than last year," Sudheesh Nambiath, a senior ...

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First Published: Wed, November 08 2017. 14:56 IST
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