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Gold imports by India collapsed in 2018


NEW DELHI: Gold imports by India tumbled by a fifth last year as high domestic prices deterred buyers in the second-biggest consuming nation and local stores remained well-stocked, highlighting a headwind to global consumption even as bullion in dollars gains on renewed haven demand.

Overseas purchases fell to 762 metric tons in 2018, a 20 percent slump from the previous year, according to a person familiar with the data, who asked not to be identified as the numbers aren’t public. 

   

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