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Gold imports zoom to $6.91 bn in Apr-May over low base effect


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. ....

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