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Papli
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Gold imports dip 18.4% to Rs 71,912 crore in April-June - 24hGoldWire - The Economic Times

As a corollalary, reportedly due to high prices of gold attributable to declining rupee and government imposed additional taxes, cases of gold smuggling which had died down for almost two decades have re-emerged. The younger and affluent population which showed scanty affiliation for gold believably are using their savings to invest in gold. With the customary marriage season round the corner and a good monsoon and harvest we may see an upswing in gold demand in the upcoming quarter. It may be prudent ot start buying on dips now while gold trades between $ 1625 and 1700.

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Beginning of the headline :NEW DELHI: India'sgold imports contracted by 18.4 per cent year-on-year toRs 71,912crore in the April-June quarter of the current fiscal. However, it is difficult to attribute specific reasons for decline in import of gold, Minister of State for Commerce and IndustryJyotiradityaScindia has said in a written reply to theRajyaSabha... Read More

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