India’s top gold import bank suspends bullion dealers accounts

Real Gold Bars

Axis Bank Ltd , India’s top importer of gold, has suspended the bank accounts of some bullion dealers and jewelers after two of its executives at a branch were arrested over alleged money laundering.

The move is likely to curtail imports by the world’s second-biggest gold consumer this month and could weigh on global prices already near their lowest level in ten months.

 

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