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Indian Gold Imports Surged in October Despite High Prices
From moneymetalsexchange.medium.com
Indian gold imports surged to record levels in October, despite high prices. India ranks as the world’s second-largest gold market behind China. It was the fourth consecutive month of increasing gold imports, both in terms of value and tonnage. Domestic gold prices in India hit a record in October and outperformed the dollar price. At the end of the month, gold was up 63 percent on the year and 11 percent month-on-month in rupee terms. According to the World Gold Council, “The higher domestic gains are attributed to the 3.3 percent depreciation of the Indian rupee.” The World Gold Council said strong import ... (full story)
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- Nov 26, 2025 10:59pm Posted byFundamental Analysis181
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