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Gold imports touch $34bn in FY18, highest in 3 years
Rediff.com

Gold imports touch $34bn in FY18, highest in 3 years

Uncertainties like the bankruptcies bill, rising non-performing accounts at banks and political uncertainty are expected to drive gold demand higher in India.  Gold import in financial year 2017-18 is estimated at 13 per cent higher than the year before, at $34 billion, the highest after 2014-15. The estimate for 2018-19 is at least another 10 per cent higher.  Sonal Varma, chief India economist at borkerage Nomura, says: "Demand was higher last year, due to rebalancing of ... Rediff.com, 2 weeks ago
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