scorecardresearchIndia's gold imports rose 677% in May, the highest YoY surge: Report

India's gold imports rose 677% in May, the highest YoY surge: Report

Updated: 07 Jun 2022, 09:18 AM IST
TL;DR.
India is the world's second-biggest gold consumer after China. The imports are largely driven by the jewellery industry.
Local gold futures fell to 49,572 rupees per 10 grams in May, the lowest in nearly three months.

Local gold futures fell to 49,572 rupees per 10 grams in May, the lowest in nearly three months.