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MUMBAI :
India’s gold imports in July fell 24% from a 12 months earlier as a rally in native prices to a record excessive curtailed retail purchases amid lockdown in lots of cities to curb the unfold of the coronavirus, a authorities supply stated on Tuesday.
The world’s second-biggest client of the valuable steel imported round 30 tonnes of gold in July, down from 39.66 tonnes a 12 months in the past, the supply stated. The supply requested to stay nameless since he’s not authorised to communicate to the media.
In worth phrases, July imports edged up to $1.78 billion from $1.71 billion a 12 months in the past, he added.
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