TNPSC Thervupettagam

World Gold Council’s ‘Bullion Trade-in India’ report

December 24 , 2021 1062 days 750 0
  • Imports made up 86% of India’s gold supply between 2016-2020.
  • The inbound shipments continue to grow despite high import duty.
  • In 2020, India imported 377 tonnes of gold bars from more than 30 countries.
  • Out of this 55% came from just two countries - Switzerland (44%) and the UAE (11%).

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