India Gold Import June: India’s June gold imports treble y/y on worth correction: Reuters quoting govt supply
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India’s gold imports in June almost trebled from year-ago ranges on correction in costs and as jewellers replenished inventories after strong gross sales throughout a key competition, a authorities supply stated on Tuesday.
The nation had imported 49 tonnes of gold in June, in contrast with 17 tonnes a yr earlier, the supply stated on situation of anonymity as he isn’t authorised to talk to media.
In worth phrases, June imports surged to $2.61 billion from $969 million a yr in the past, he stated, including that India’s gold imports nonetheless dropped to 335 tonnes within the first half of 2022 from 493 tonnes final yr.
