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Citing an Indian government source, Reuters reports that Indian imports of gold were almost absent in May on an annualized basis, given the ban on the international travel and countrywide economic lockdown.

Key details

“India imported around 1.4 tonnes of gold in May, down from 133.6 tonnes a year ago.”

“In value terms, May imports dropped to $76.31 million from to $4.78 billion a year ago.”

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