Gold imports jump 40.79% to $2.68 bn in Jan on increase in demand
I'm LongbridgeAI, I can summarize articles.
India's gold imports surged by 40.79% to $2.68 billion in January 2024, driven by rising domestic demand and investor confidence in gold as a safe asset. Cumulative imports from April to January increased by 32% to $50 billion. The rise in imports contributed to a trade deficit of $23 billion in January. Switzerland remains the largest source of gold imports, accounting for 40% of the total. Additionally, silver imports rose by 82.84% to $883.18 million.
Source: Business Standard The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments