The latest gold market report released by the World Gold Council (WGC) indicates that gold imports by the country surged higher during the month of May this year, amid improvement in gold retail demand. According to Mukesh Kumar, Senior Analyst, India World Gold Council, the retail demand for the yellow metal remained strong during the initial three weeks of May, mainly driven by wedding and festival-related purchases. However, the demand slowed towards the end of the month. The official gold imports by the country totalled 98 tonnes, significantly higher when compared to the prior month imports of 27.1 tonnes and ... (full story)