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India's gold imports may fall 18 percent in 2018 as price rise cuts demand: Reuters poll

Reuters  |  MUMBAI 

By Rajendra JadhavMUMBAI (Reuters) - Gold imports into India, the world's second biggest buyer of the metal, could drop by 18 percent in 2018 from a year ago as rising prices and a falling rupee have dented demand from retail jewellery buyers, according to a Reuters poll.This year's imports are likely to be 725 tonnes, according to the median of responses from 12 industry participants in the poll. The range of responses was between 650 tonnes to 800 tonnes.India imported 880 tonnes of gold in 2017, according to data compiled by precious metals consultancy GFMS, a division of Thomson Reuters.A ...

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First Published: Tue, June 12 2018. 16:00 IST