Indian Gold Imports Double In August As We Head Into What Is Generally A Good Buying Season

Two factors weigh on whether this fall will see robust demand or not. The first factor depends on the strength of the rupee, and the second depends on this…

by Louis Cammarosano of Smaulgld

India imported 95 tons (3,054,321,ounces) of gold in August.

Indian gold imports in August were up 107% from 45 tons imported in August 2017.

August gold imports were up 28% from July’s imports of 74 tons.

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