Gold imports jump 40.79% to $2.68 bn in Jan on increase in demand

Quick Summary:

The country's gold imports in January rose by 40.79 per cent to USD 2.68 billion on account of increasing domestic demands, according to commerce ministry data.

Cumulatively, imports during April-January this fiscal year rose 32 per cent to USD 50 billion against USD 37.85 billion in the same period last fiscal year.

Gold imports stood at USD 1.9 billion in January 2024.

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Category: BusinessFinance

Markets: IndiaChinaSouth AfricaSwitzerland

Topics: India forex reserve India gold import India trade India trade deficit

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Article Type: News Report

Published On: 2025-02-17 @ 19:49:14 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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Sentences: 20 lines

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