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India's March gold imports set to drop 90% as prices surge

By Economic Times - 8 months ago
India's gold imports are anticipated to plummet by over 90% in March, reaching the lowest level since the COVID pandemic. This decline, driven by high prices dampening demand, is expected to be around 10 to 11 metric tons, compared to 110 metric tons in February. Such reduced imports could help India narrow its trade deficit and bolster the rupee.

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