Gold imports double to $13.35 billion

The Hindu/08-15-17

India’s gold imports more than doubled to $13.35 billion during the April-July period of the current fiscal, according to Commerce Ministry data.

…In July, imports of the precious metal rose to $2.1 billion, from $1.07 billion in the same month of 2016. The surge in gold imports in July contributed to the widening of the trade deficit to $11.44 billion from $7.76 billion a year earlier. India is recording a surge in inbound shipments of gold from South Korea.

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