Gold import surges in October

Reuters Updated - November 25, 2017 at 06:52 PM.

gold

India's gold imports surged to about 150 tonnes in October, Bloomberg said in a tweet, as consumers rushed to buy the metal during key festivals.

A trade ministry spokesman told Reuters he was not aware of the data.

Imports in the same month last year stood at 23.5 tonnes.

Indian appetite for gold jumped by more than a third to 225.1 tonnes in the July-Sept quarter, in sharp contrast to the rest of the world, boosted by jewellery demand for the wedding season, an industry body said on Thursday.

Published on November 13, 2014 06:36