Gold imports by India rebound in July after slump in first half

Gold imports by India rebound in July after slump in first half

By Shruti Srivastava and Swansy Afonso

Demand for gold in India rebounded in July, with imports jumping by a quarter from a year earlier, as lockdowns to combat the coronavirus in the second-largest consumer of the metal were slowly eased.

Overseas purchases rose to 25.5 tons in July from 20.4 tons a year earlier and were almost double the amount shipped in the previous month, according to a…

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