Indian Gold Imports Actually Up On Year-To-Date Basis

Despite the sharp drop in imports for July from the same month a year ago, total imports for the first seven months of this year are higher than those for last year. Imports to India are up 7.8%: 171.6 tonnes were brought in from January to July of this year as compared with the same period last year.

Still, there has been a dearth recently due to traditional summer weakness and higher prices. June's import numbers were lower than July's.