Pandemic slashes India’s gold imports to lowest since 2009
While demand from retail consumers has eased, the metal is still a haven for investors
05 January 2021 - 14:12
India’s gold imports in 2020 slumped to the lowest in more than a decade as the coronavirus pandemic battered demand and logistics, while higher prices kept buyers in the second-largest consuming nation on the sidelines.
Overseas purchases fell to 275.5 tonnes in 2020, according to a person familiar with the data, who asked not to be identified as the information isn’t public. That is the lowest in records going back to 2009, according to World Gold Council data...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.