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CORRECTED (OFFICIAL) - Indian gold imports to drop back sharply after Q1 spike: WGC

Reuters 

(World Gold Council corrects number of BIS-accredited refineries to 10 from three or four)By Jan HarveyLONDON (Reuters) - Indian gold imports will drop back sharply after jumping in the first quarter, the World Gold Council said on Wednesday as the launch of a new tax regime and restrictions on refiners' ability to import gold dore take their toll.Full-year imports will be little changed from 2016's 524 tonnes, gold industry-funded WGC's managing director for India Somasundaram PR said. Given the doubling of imports in the first quarter to 253 tonnes, as jewellers rushed to restock ahead of ...

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First Published: Wed, May 17 2017. 23:23 IST
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