Asia's gold inflows reach USD 438 mn in July; India leads growth after import duty reduction
New Delhi [India], August 10 (ANI): Asia continued its streak of attracting gold investments, extending its inflow momentum to 17 consecutive months with a USD 438 million influx in July, according to World Gold Council report.
India emerged as the frontrunner in these inflows, after the reduction in gold import duty to 6 per cent from 15 per cent following the announcement in the Union Budget.
As of July 23, India's impo