- Gold Imports Dhamal
- The reason for the decline in demand
- Effect with corona virus
Logistics disrupted due to corona virus. Demand also fell. At the same time, psidi prices also skyrocketed. This has reduced the number of gold buyers. As a result, cashew imports fell sharply.
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Gold imports are declining in India, the world’s second largest consumer of gold. Gold imports fell to 275 tonnes last year. According to the World Gold Council, this is the lowest level since 2009.
Gold imports fell by 18 per cent till December. 55.4 tonnes. Demand for this specialty has grown significantly as a result of recent corporate scandals, including the cancellation of flight services and the rise in gold prices. This led to a decline in imports. Gold purchases are booming right now.