Indian Gold Imports Hit 30-Year Low on Tax Dispute
India's April gold imports fell to 15 tons as banks halted shipments due to a tax demand. The decline occurred despite the Akshaya Tritiya buying festival.
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India gold imports fell to 15 metric tons in April, a near 30-year low driven by an unexpected 3% tax demand on banks.
Shipments dropped 57% from the 35 tons imported in April 2025.
