NEW DELHI -- It would be no exaggeration to say that Indians have an insatiable appetite for gold, and the numbers speak for themselves. In October, India imported gold worth $14.7 billion, up 200% from the same month last year when it stood at $4.9 billion.
Commodities
India's eternal obsession with gold lifts imports 200% in October
Takes Indian trade deficit to record high as analysts remain bullish on bullion
India's surging gold imports brought the country's trade deficit to a record high in October. © Reuters
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