Imports of the yellow metal stood at $13.16 billion (about Rs 91,440 crore) in the corresponding period of 2019-20. New Delhi: India’s gold imports, which have a bearing on the current account deficit (CAD), plunged 81.22 per cent to $2.47 billion
Gold prices on Monday jumped to Rs 48,948 from Rs 48,888 per 10 gram, while silver prices edged marginally lower to trade at Rs 51,740 from Rs 51,745 per kg, acording to India Bullion and Jewellers Association. Gold jewellery prices
India is the world’s second largest of consumer, and one that has next to negligible Gold reserves. India’s love of Gold has baffled many observers. This time the import quantity stands at a staggering Rs 22,742.92 crores. This is 40.22%
