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03 July 2009 at 16:35 IST
India’s gold imports dip by 64%
Commodity Online MUMBAI: India’s gold imports during January to June 2009 declined by 64% to 50 tonnes thanks to higher prices, said Bombay Bullion Association in its latest estimate.
The gold demand from India has been under severe stress since the start of the year as record high global prices and weak Indian rupee hurt the consumption pattern in the world's largest gold buyer.
However, an expected pick up may take place in the imports later on in the year once the festive buying starts and the domestic economy revives.
NCDEX GUARGUMJODHPURJUL12 20 July 2012
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