Indian Gold Imports Said to Plunge in March on Jewelers' Strike

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.

Indian Gold Imports Said to Plunge in March on Jewelers' Strike