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Gold imports fall sharply post-demonetisation

Gold imports fall sharply post-demonetisation

Monday, March 13, 2017, 11:19 AM

The Centre's demonetisation drive is seemed to have a significant impact on the gold demand in the country as imports of the metal dropped sharply in December and January. Gold imports reduced to 54.1 tonnes in December and 53.2 tonnes in January from a high of 119.2 tonnes in November, then month during which the government scrapped the old Rs500/1,000 notes.
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