New Delhi, Dec 20 (SocialNews.XYZ) India's gold imports declined by 40 per cent to nearly $12.3 billion during the April-November period as demand weakened amid the pandemic, as per Commerce Ministry's data.
During the same period of the last financial year, gold imports stood at nearly $20.6 billion.
However, imports of the yellow metal witnessed a 2.65 per cent growth last month, at over $3 billion, compared to $2.94 billion in November 2019.
Silver imports during April-November this fiscal plunged 65.68 per cent to $751.92 million, from nearly $2.2 billion during the year ago period.
In November 2020, silver worth only $9.30 million was imported, compared to $90.39 million in November 2019.
This decline in gold and silver imports has led to the narrowing of India's trade deficit.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
