India's June gold imports rise 12.6% y/y amid global price rally - govt source

From reuters.com

India’s gold imports rose 12.6% in June from a year earlier to $2.69 billion amid a jump in global prices to six-year highs, a government source said on Tuesday. However, imports were 44% lower in June from May’s $4.78 billion, the source said, who was not allowed to speak to the media. In India, local prices jumped to a record high in June, moderating demand from retail consumers. The drop in gold imports by India, the world’s second-biggest consumer of the precious metal, could weigh on global prices that are struggling to hold recent gains. (Reporting by Aftab Ahmed and Rajendra Jadhav; Editing by Subhranshu ... (full story)