India’s gold market in April

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Total holdings for Indian gold-backed ETFs (gold ETFs) reached 33.1 tonnes by the end of April; a net inflow of 1.3 tonnes. Indian official imports were steady and the local market premium fell sharply. The Reserve Bank of India (RBI) made no gold purchases in the month, maintaining its total gold reserves at 695.3 tonnes.

Source: www.gold.org

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