Pursuits
Gold Imports by India Said to Slump 52% in September From August
- Purchases slid to 67 tons in September from 141 tons in August
- Jewelers seen well stocked up to meet demand during festivals
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Gold imports by India, the world’s second-biggest consumer, dropped 52 percent last month after shipments surged in August.
Overseas purchases tumbled to 67 metric tons from 141 tons in August, according to two finance ministry officials, who asked not to be identified. Imports were valued at 123.8 billion rupees ($1.9 billion) last month, they said.