India’s gold imports in 2020 slumped to the lowest in more than a decade as the coronavirus pandemic battered demand and logistics, while higher prices kept buyers in the second-largest consuming nation on the sidelines.Overseas purchases fell to 275.5 tons last year, according to a person familiar with the data, who asked not to be identified as the information isn’t public.
That’s the lowest in records going back to 2009, according to World Gold Council data.Also Read | India’s hunt for the new Vision 2020Imports in December rose 18% from a year earlier to 55.4 tons, the person said.