Gold imports fell sharply by 67.33 percent to 19.6 tonnes in April 2016 as jewellers' strike opposing one percent excise duty on non-silver jewellery significantly hit demand for the metal, according to gold and silver refiner MMTC Pamp.
May 05, 2016, 10:52 AM IST
Gold imports declined over 74 percent to USD 1.75 billion in April due to restrictions imposed by the government on inbound shipments of the precious metal to narrow the current account deficit.May 11, 2014, 11:54 AM IST
The country had imported 160 tonnes of gold in July-September period of last fiscal.Jun 23, 2013, 13:24 PM IST
Terming 138 percent surge in gold imports last month as an "aberration", the government on Tuesday expressed the hope that appetite for foreign gold would subside by next month due to the high inventory costs.May 14, 2013, 16:15 PM IST
The massive spike in trade deficit caused by sharp rise in gold imports in April would not sustain and there is no need to get excessively worried over the data, analysts have said.May 14, 2013, 15:34 PM IST