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August gold imports hit 3-year low as prices jump to record

image NEW DELHI/MUMBAI: India's gold imports in August plunged 73 per cent from a year ago to the lowest level in three years as a rally in local prices to a record high and a hike in import duty curtailed retail purchases of the precious metal, a government source said on Wednesday.

Lower imports by the world's second biggest consumer could cap gains in global prices that are trading near their highest level in over six years, b ...................ET

04-Sep-2019