India's gold imports plunged more than 73% year-on-year in March to their lowest in 6-1/2 years as record domestic prices and a lockdown to curb the spread of coronavirus squeezed retail demand
Reuters
@moneycontrolcom
India's gold imports plunged more than 73% year-on-year in March to their lowest in 6-1/2 years as record domestic prices and a lockdown to curb the spread of coronavirus squeezed retail demand, a government source said on Monday.
The world's second-biggest consumer of the precious metal imported 25 tonnes of gold in March, down from 93.24 tonnes a year ago, the source said, who is not authorised to speak to the media.
In value terms, March imports dropped nearly 63% to $1.22 billion, he added.Time to show-off your poker skills and win Rs.25 lakhs with no investment. Register Now!
First Published on Apr 6, 2020 09:52 am
