RTRS: India's Oct gold imports dip 27 pct on year - trade
MUMBAI, Nov 3 (Reuters) - India imported 44 tonnes of gold in October, down 27 percent from the same month a year ago, the president of the Bombay Bullion Association said on Monday.
"Prices started falling only around mid-October, so demand was not very strong," Suresh Hundia told Reuters.
Two major Hindu festivals fell in October this year -- Dhanteras and Diwali -- when Hindus consider it auspicious to buy the precious metal and purchases usually peak. (Reporting by Ruchira Singh, Editing by Mark Williams)
