India boosts gold purchases ...News

Russia Today - Economy
India boosts gold purchases
Bullion imports soared by more than 6% from April to July, contributing to a growing trade deficit Purchases of gold by India, the world’s second-biggest importer of the precious metal, have seen a surge of 6.4% and amounted to $12.9 billion from April to July, according to official data revealed on Friday. The nation’s gold imports reportedly stood at $12 billion during the same period a year ago. The latest surge in gold and oil imports contributed to a record trade deficit of $30 billion reported in the first four months of this year, compared to $10.63 billion between April and July 2021. In June, the Reserve

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