India’s Record Gold Imports in November Due to Calculation Error

India witnessed record gold imports in November 2024, with an increase of about 20%, reaching nearly 1,200 tons. The surge has been attributed to a calculation error that inflated the figures. Authorities confirmed that the actual amount of gold imported was lower, but the erroneous data led to discrepancies in trade analysis. Gold demand in India traditionally rises during the winter season, and this error could potentially affect global market prices.