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27 Jun 2021

Gold imports jump multi-fold to $6.91 bn in April-May on low base effect

Imports of the yellow metal had plunged to USD 79.14 million (Rs 599 crore) in the corresponding period last year, the data showed. Silver imports, however, dipped by 93.7 per cent to USD 27.56 million. Gems and jewellery exports increased to USD 6.34 billion during the first two months of the current fiscal as against USD 1.1 billion in the same period previous year.

18 Apr 2021

Gold imports rise by 22.58% to $34.6 bn in 2020-21

Silver imports during the last fiscal, however, dipped by 71 percent to about USD 791 million. Imports of the yellow metal stood at USD 28.23 billion (about Rs 2 lakh crore) in 2019-20, the data showed. Despite growth in gold imports, the country's trade deficit narrowed to USD 98.56 billion during 2020-21 as against USD 161.3 billion in 2019-20. The demand for gold would further increase on account of the forthcoming auspicious Akshaya Tritiya and marriage season which could increase the CAD.

14 Oct 2016

Gold imports fall to $1.8 billion in September

Gold imports fell 10.3 percent to USD 1.80 billion in September due to sliding prices of the metal in both global and domestic markets.

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