Indian gold demand in the Q1( March quarter)fell 17% to the lowest level in 10 quarters and is likely to remain subdued even during June and September quarters on record-high prices, according to World Gold Council (WGC).
India's gold imports fell by 24.15% to $35bn in 2022-23 due to global economic uncertainty and a high import duty on gold.
The lower purchases in India could limit a rally in global prices, with bullion trading near all-time highs. Falling demand for gold imports could also help to narrow India's trade deficit and support the rupee.
For more Updates Do follow us on Social Media
Facebook Page https://bit.ly/3blw5Rg
Instagram https://bit.ly/3MsRHbP
YouTube https://bit.ly/3LjGj2L
Twitter https://bit.ly/3E9IO5U
Linkedin https://bit.ly/3M17Xlk
WhatsApp Group https://bit.ly/JEWELBUZZ
Komentáře