Global Economy

India slashes November gold imports by $5 billion in record commodity revision



India has slashed its November gold import estimates by an unprecedented $5 billion, the largest revision for any commodity in history, the government data showed on Wednesday.

The country’s gold imports in November were $9.84 billion, significantly lower than a preliminary estimate of $14.8 billion published last month, according to data compiled by the Directorate General of Commercial Intelligence and Statistics (DGCIS).



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