HomeNewsBusinessEconomyGold imports jump over 2-fold to $3.5 bn in October

Gold imports jump over 2-fold to $3.5 bn in October

Gold imports had stood at USD 1.67 billion in October last year, official data released showed.

November 16, 2016 / 18:19 IST
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Arresting the eight-month fall, gold imports more than doubled to USD 3.5 billion in October on account of high festival demand.

Gold imports had stood at USD 1.67 billion in October last year, official data released showed.

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The imports of the precious metal were on a decline since February this year till September.

The increase in gold imports pushed the trade deficit to 10-month high of USD 10.16 billion in October from USD 9.69 billion during the same month last year.