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Gold imports by India are said to drop for third straight month

Gold imports by India, the world’s second-biggest market, are said to have slumped for a third consecutive month in November from a year earlier as supplies remain elevated in the local market and demand is slow. Overseas purchases dropped to 91.5 metric tons, from 111 tons a year ago, according to a person familiar with the data, who asked not to be identified because the information isn’t public. Finance Ministry spokesman D.S. Malik declined to comment on the figures.

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