Indian Gold Imports Said to Plunge in March on Jewelers' Strike
By GCRU Gold News on Friday, April 8 2016, 01:09 - Permalink
Gold imports by India, which vies with China as the biggest consumer of the metal, slumped 88 percent last month as a strike by jewelers curbed purchases, a person familiar with provisional Finance Ministry data said.
Inbound shipments declined to about 16 metric tons in March versus 133 tons a year earlier and 35 tons in February 2016.