January gold imports jump 55 pct - media

Gold imports into India, the world`s top consumer, jumped 55 percent to 57.2 tonnes in January from a year ago, local media reported ahead of an expected cut in the import duty in Saturday`s federal budget.

Mumbai: Gold imports into India, the world`s top consumer, jumped 55 percent to 57.2 tonnes in January from a year ago, local media reported ahead of an expected cut in the import duty in Saturday`s federal budget.

India`s trade data earlier this month reported January gold imports hit USD 1.56 billion, up 6.41 percent from a month ago.

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