India's gold imports will likely drop in the second-half of the year from the first six months after jewellers rushed to stock up ahead of new taxes introduced on July 1.Faltering appetite in a country where gold is used in everything from investment to wedding gifts could rein in a rally in global prices, trading near their highest level in seven weeks. “Expecting higher (taxes), certainly some of the imports and some of the demand from the second-half were advanced in the June quarter.
Source: Business Line
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