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India's February silver imports hit record and set to rise 66% this year

By Economic Times - 7 months ago
In February, India's silver imports skyrocketed by 260%, reaching a record high, largely from the UAE due to lower duties. With imports expected to rise by 66% this year, India, the largest silver consumer globally, may influence international prices, which are already near three-year highs. Increased demand stems from various sectors, including fabrication and solar industries, as well as investment purposes.

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