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India November gold imports half of 2008 level-trade body

Posted on 27 November 2009

From Reuters: India’s gold imports so far in November are 15-18 tonnes, around half of the 34 tonnes in November 2008 as record prices hurt demand in the world’s biggest market for the metal, the head of a leading trade body said.
On Thursday, gold futures on the Multi Commodity Exchange of India Ltd (MCX)were at 17,815 rupees ($383) per 10 grams, up 38 percent from a year ago, and in global markets gold XAU= hit a record high of $1,194.90 an ounce……………………………Full Article: Source


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