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India’s August gold imports nearly double as prices dip ahead of festivals


Reuters/Rajendra Jadhav/9-6-2021

Map of India colored appropriately - goldUSAGOLD note: For a very long time, India’s gold buyers have been a leading component in the annual demand ramp-up that begins early fall and runs through the first part of the year. China is also staging a strong recovery from low pandemic gold demand. The increased seasonal demand often contributes to higher prices. The East buys on weakness, the West on strength.

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