Gold imports at 7-month high in July as jewellers replenish stocks


India's gold imports rose for the first time in seven months in July after a fall in prices ahead of a jewellery exhibition prompted jewellers to replenish stocks, provisional data from metals consultancy GFMS showed. The 44.

2 per cent year-on-year jump in gold purchases to 75 tonnes last month by the world's second-biggest consumer could support global prices, which on Monday dropped to 17-month lows. But higher gold imports may widen the South Asian country's trade deficit and put further pressure on its currency,.

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