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Gold imports jump to 5-month high in Nov as prices retreat

image NEW DELHI/MUMBAI: India's gold imports in November jumped 78% from a month earlier to the highest level in five months as jewellers in the world's second-biggest market for the metal restocked after a fall in prices, a government source said on Tuesday.

Higher imports by the South Asian country could support global prices that have risen more than 12% so far in 2019, but could also widen India's trade deficit and put pressure on the rupee. India fills nearly all of its gold demand throu .................ET

04-Dec-2019