Gold imports jump multi-fold tp $7.9 Based on the country’s current account deficit, gold imports fell to a low of 99.99 billion (Rs. Imports of yellow metal fell by $ 8 million (Rs 5,206.41 crore) as of over the same period last year, according to the data.
However, silver imports fell 0.73.3.7% to 39.4 million.
Gold imports jump multi-fold tp $7.9 Due to the significant increase in gold imports, the country’s trade deficit in April-June of the current fiscal year, the gap between imports and exports has widened to around $ 31 billion. euros.
India is the biggest importer of gold, which mainly meets the demand of the jewelry industry. In terms of volume, the country imports 800 to 900 tonnes of gold per year.
In the first three months of the current fiscal year, exports of precious stones and jewelry increased by 9.1 billion yen, compared to 2.7 billion yen in the same period last year.