Indians snapped up a record 162 tonnes of gold in May, prompting a hike in import duty to 8 percent and tight restrictions on supplies at the world's biggest buyer.
Gold is second only to crude oil in India's import bill, which the government wants to cut back to ease the current account deficit and help the weak rupee back on its feet.
Read More: in.reuters.com/article/2013/07/08/india-gold-imports-idINDEE96706520130708
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