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Inbound shipments fell 38 per cent in September from a year earlier to 8.4 tons, according to a person familiar with the data. Imports were down from 35.5 tons in August. Imports had risen in July and August as jewelers readied stocks ahead of festivals. But demand has cooled as buyers hold off on purchases in a bet that prices will further decline.
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First Published: Tue, October 13 2020. 02:43 IST
read the full story about India’s gold imports dip after brief rebound as prices curb demand
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