Reuters
MUMBAI (Reuters) -India's gold imports in June nearly trebled from year-ago levels on correction in prices and as jewellers replenished inventories after robust sales during a key festival, a government source said on Tuesday. Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices, but the surge may increase India's trade deficit and put pressure on ailing rupee. In value terms, June imports surged to $2.61 billion from $969 million a year ago, he said, adding that India's gold imports still dropped to 335 tonnes in the first half of 2022 from 493 tonnes last year.