February 4, 2020 / 9:59 AM / in 20 days

India's Jan gold imports plunge 48% to 4-month low -govt source

NEW DELHI/MUMBAI, Feb 4 (Reuters) - India’s gold imports in January plunged 48% from a year earlier to their lowest level in 4 months as a rally in local prices near record highs prompted buyers to curtail purchases, a government source said on Tuesday.

The world’s second-biggest buyer of gold imported 36.26 tonnes in January, compared with 69.51 tonnes a year earlier, the source said on condition of anonymity, as he was not authorised to speak to media.

In value terms, January imports totalled $1.58 billion, down from last year’s $2.31 billion, he said. (Reporting by Aftab Ahmed and Rajendra Jadhav; editing by Jason Neely)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below