INSUBCONTINENT EXCLUSIVE:
due to record high prices and as international air travel was banned and many jewellery shops were closed amid a nationwide lockdown to curb
the spread of coronavirus, news agency Reuters reported, quoting a government source
The world's second-biggest consumer of the precious metal imported around 11 tonnes of gold in June, down from 77.73 tonnes a year ago,
added.However, the numbers suggest that some import has picked up as in May, they had dropped 99 per cent on a year-on-year basis.Amid the
coronavirus pandemic, investors have trusted gold as a safe haven thus pushing the price of the yellow metal up in the global market
On Wednesday, MCX gold futures surged to an all-time high of Rs 48,982 per 10 grams
Spot gold too, firmed near an eight-year peak of $1,788.06 per ounce on Wednesday.Tracking the gains in global markets, gold prices touched
a new peak in domestic markets too as they crossed Rs 48,970 per 10 grams on Wednesday.
