scorecardresearchIndia's June gold imports treble on price correction

India's June gold imports treble on price correction

Updated: 05 Jul 2022, 01:31 PM IST
TL;DR.
Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices, but the surge may increase India's trade deficit and put pressure on ailing rupee.
NEW YORK, NEW YORK - MARCH 07: Gold jewelry is displayed in a window of a store in Manhattan's jewelry district on March 07, 2022 in New York City. As the war in Ukraine pushes investors to look for less volatile markets for their money, gold prices have surpassed $2,000 an ounce.   Spencer Platt/Getty Images/AFP
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NEW YORK, NEW YORK - MARCH 07: Gold jewelry is displayed in a window of a store in Manhattan's jewelry district on March 07, 2022 in New York City. As the war in Ukraine pushes investors to look for less volatile markets for their money, gold prices have surpassed $2,000 an ounce. Spencer Platt/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==