India's April gold imports set to fall to a three-decade low of 15 metric tonnes (vs 35 tonnes a year ago), according to sources
Context
India's gold imports are projected to decline significantly, hitting a three-decade low of 15 metric tonnes this April, down from 35 tonnes last year. This drop signals weakened demand from one of the world's largest consumers, which could influence global gold prices and impact related currencies and commodities. The reduction in imports may suggest a shift in consumer behavior or economic conditions, further affecting market sentiment around gold.
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