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Oct gold imports drop 33% as higher prices curtail festive buying

image MUMBAI: India's gold imports in October fell a third from a year earlier, dropping a fourth straight month as near record-high prices dampened festive buying in the world's second-biggest consumer of the metal, a government source said on Monday.

Lower imports by the South Asian country could cap gains in global prices that are trading near their highest level in more than six years, and may also help New Delhi bring down its trade deficit and support the rupee.

India fills nea ........ET