India’s gold imports in June more than tripled from a year ago as retail demand jumped ahead of the start of a new sales tax that prompted jewellers and bullion dealers to replenish stocks, provisional data from consultancy GFMS showed.
June gold imports climbed to an estimated 75 t from 22.7 t a year ago, GFMS said. For the first half of the year, imports rose to 514 t, up 161% from a year ago.
