Gold Imports by India Seen Rising as RBI Relaxes Curbs
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Gold imports by India, the world’s second-biggest user, will probably rise after the Reserve Bank of India allowed more companies to buy the metal from overseas.
Inbound shipments may expand by 10 metric tons to 15 tons a month, increasing domestic supplies, Bachhraj Bamalwa, a director with the All India Gems & Jewellery Trade Federation, said by phone, without giving monthly totals.