Gold imports zoom to $6.91 bn in Apr-May over low base effect
Imports of the yellow metal had plunged to $79.14 million (Rs 599 crore) in the corresponding period last year, the data showed The jump in the gold imports has lead to widening of the country s trade deficit to USD 21.38 billion during April-May PTI
Updated Jun 27, 2021, 1:46 PM IST
Gold imports, which have a bearing on the current account deficit, zoomed to USD 6.91 billion (Rs 51,438.82 crore) during April-May 2021 due to low base effect in the wake of the COVID-19 pandemic, according to data from the Commerce Ministry.
Imports of the yellow metal had plunged to USD 79.14 million (Rs 599 crore) in the corresponding period last year, the data showed.
Gold futures on MCX were up merely 0.07 per cent or Rs 31 at Rs 46,901 per 10 grams. Silver futures gained 0.26 per cent or Rs 177 to Rs 67,910 per kg.