India's gold imports in December plunged 79% from a year earlier to the lowest level in at least two decades for the month as a rally in local prices near record high dampened demand, two government sources told Reuters on Thursday.
Lower imports by the world's second-biggest consumer of the precious metal could limit gains in global prices trading near their highest in eight months.India imported 20 tonnes in the December, down from 95 tonnes a year ago, said a government official, who asked not to be named since he is not authorised to speak to the media.The country's gold imports in 2022 dropped to 706 tonnes from 1,068 tonnes a year ago, another government official said.
Retail buying faltered in December as prices started rallying on the weak rupee, tracking a rice in global prices, said Harshad Ajmera, a gold wholesaler in Kolkata.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
India's Gold imports plunge 79% in December 2022 – ReutersCiting two government sources, Reuters reported on Thursday, India's Gold imports in December plunged 79% from a year earlier. Additional takeaways “G
Leer más »
Motorcycle rider suffers major injuries in crash on state Route 79 near Riverside CountyThe crash occurred Saturday morning on northbound SR-79 after the rider passed a vehicle and lost control, an official said
Leer más »
IndyGo awards bus pass grants to 79 local nonprofit organizationsThe IndyGo Foundation awarded more than 27,000 bus passes to 79 local nonprofit organizations to increase accessibility of public transport for Marion County residents.
Leer más »
Iñupiat leader and whaling captain Oliver Leavitt dies at 79Whaling captain and Iñupiat leader Oliver Aveogan Leavitt has died at 79. He is remembered by his friends and fellow Alaska Native leaders as a giver, a cultural leader and a uniting force.
Leer más »
Average new-vehicle transaction price hits a whopping new peak in December - AutoblogThe average transaction price for new vehicles hit another record in December — here's how much, and why.
Leer más »
Jim Cramer explains why the December CPI number is a ‘big deal’'Unless inflation's coming down in all the right places, this earnings season could be very rough,' he said.
Leer más »