Gold imports dip 47 pc in Apr-Oct to USD 9.28 bn
   Date :16-Nov-2020

Gold _1  H x W:
GOLD imports, which have a bearing on the current account deficit, declined 47.42 per cent to USD 9.28 billion during April-October due to fall in demand in the wake of the COVID-19 pandemic, according to data from the Commerce Ministry. Imports of the yellow metal stood at USD 17.64 billion in the corresponding period of 2019-20. The imports, however, recorded a growth of about 36 per cent in October. Silver imports during the period too dipped 64.65 per cent to USD 742 million.