India`s January gold imports surge 72% y/y to 62 tonnes – government source
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
MUMBAI - India's gold imports in January surged 72% from a year earlier, a government source said on Wednesday, as a correction in prices from a record high drew retail buyers and jewellers.
The world's second-biggest consumer of the gold imported around 62 tonnes of it in January, up from 36.5 tonnes a year ago, the source said.
The source asked to remain anonymous since he is not authorised to speak to the media.
In value terms, January imports surged to $4.04 billion from $1.58 billion a year ago, he said.
(Reporting by Aftab Ahmed and Rajendra Jadhav; editing by Jason Neely)
