India's March gold imports set to drop 90% as prices surge-sources.

India's gold imports to drop 90% in March due to record-high prices, causing a slump to the lowest level since the COVID pandemic. This decrease in imports is expected to limit a global price rally, help India narrow its trade deficit, and support the rupee. Gold imports are projected to fall from 110 metric tons in February to 10-11 metric tons in March.

March 27, 2024
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