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In December alone, imports of the valuable steel soared by 156.5% to $3 billion. Switzerland stays the largest source of gold imports, accounting for about 41% share, followed by the UAE (about 13%) and South Africa (about 10%). Despite the rise in gold imports, India’s trade deficit narrowed to $188.02 billion within the first three-quarters of this fiscal year.
If something, what we witnessed through the first half of 2023 was a market on the lookout for pockets of demand and alternatives to commerce or manufacture at revenue. At the very least, the intention for producers is to maintain the…