Gold Imports Surge to Record $10.06 Billion in August Amid Festive Demand and Reduced Tariffs
India’s gold imports more than doubled in August, reaching a record high of $10.06 billion, driven by a sharp reduction in customs duty and festive season demand, according to data from the Commerce Ministry. This marks a significant rise from $4.93 billion in August 2023. Commerce Secretary Sunil Barthwal attributed the surge to the drastic…