Economics
India’s Gold Imports Slide for a Fifth Month as Economy Slows
- Gold imports dropped 19% on year to 56 tons last month
- Shipments could slide in December on fewer wedding days
A customer tries on gold rings inside a jewelry store in Mumbai.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
India’s gold imports in November declined for the fifth month as elevated prices and the slowest economic growth in six years curbed demand during the peak wedding season.
Inbound shipments dropped 19% from a year earlier to 56.1 tons, according to a person familiar with the data, who declined to be named as the information isn’t public. That makes it the lowest shipment for the month since at least 2015, data compiled by Bloomberg shows.