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Gold imports dip 40% in Apr-Nov to $12.3 bn

image New Delhi: Gold imports, which have a bearing on the current account deficit, fell 40 per cent to $12.3 billion during April-November 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 $20.6 billion in the corresponding period of 2019-20.

The imports, however, recorded a year-on-year growth of 2.65 per cent in November to $3 billion.

Silver imports during April-November 2020 too ..

Read more at:
https://economictimes.indiatimes.com/markets/commodities/news/gold-imports-dip-40-in-apr-nov-to-12-3-bn/articleshow/79823299.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst.........................ET

21-Dec-2020