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World Gold Council’s ‘Bullion Trade-in India’ report
December 24 , 2021
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- 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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