Gold demand jumps as lockdowns ease, imports rebound by 25% in July

Demand for gold in India rebounded in July, with imports jumping by a quarter from a year earlier, as lockdowns to combat the coronavirus in the second-largest consumer of the metal were slowly eased.
 

Overseas purchases rose to 25.5 tonnes in July from 20.4 tonnes a year earlier and were almost double the amount shipped in the previous month, according to a person familiar with the data, who asked not to be identified as the information isn’t public.

Finance Ministry spokesman Rajesh Malhotra didn’t immediately respond to a call to his mobile phone.

 

Shipments in