Price slide led to jump in July gold import

Gold import in July had doubled to 90-95 tonnes from the 47 tonnes in June. July (and June) is normally a lean season for gold in India, the world’s largest consumer and this is the highest figure for July in five years. It was 40 tonnes in July 2014. The rise was due to a sharp fall in prices, which spurred demand. Consumers went for early buying, ahead of the festival.....Read More