Demand for jewelry drops 48% in Q3 even as net imports increase 8%
Mumbai: India’s demand for gold jewelry fell 48% year-on-year (year-on-year) to 52.8 tonnes in the September quarter (Q3) even as net bullion imports were 8% higher at 90.5 tonnes, according to data released by the miners’ lobby, the World Gold Council. . The weak increase in imports indicates cautious expectations for a recovery in demand […]
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