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India gold imports down 39 pct y/y in May - trade
A woman wears a gold bangle at a jewellery shop in Siliguri in this October 2008 file photo.
Credit: Reuters/Rupak De Chowdhuri
MUMBAI, June 10 |
MUMBAI, June 10 (Reuters) - India imported 17.8 tonnes of gold in May, down 39 percent from a year ago, final figures from the Bombay Bullion Association (BBA) showed on Wednesday.
Higher prices have crimped physical demand in the world's biggest market for gold, BBA president Suresh Hundia told Reuters.
In the first five months of 2009, India imported 51.8 tonnes of gold, down from 115 tonnes imported in the same period in 2008, data from the BBA showed.
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