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Peru's gold exports to India set to hit record high, official says
By Rajendra Jadhav and Sherin Elizabeth Varghese
Reuters
Friday, August 23, 2024
Peru's gold exports to India are set to jump 36% from a year ago to a record $3 billion in 2024, driven by rising demand from the world's second-biggest consumer, a senior government official said today.
India's gold imports from Peru in the first half of 2024 rose 81% from a year ago to $1.47 billion, Javier Manuel Paulinich Velarde, the Peruvian ambassador to India, told India Gold Conference.
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In 2023 India became the second biggest buyer of Peru's gold and it should invest in new gold mining projects in the South American country considering rising demand for the metal, he said.
India fulfills most of its gold demand through imports. ...
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