 "Coronavirus Outbreak: March gold imports hit six-and-half-year low on record price as lockdown squeezes retail demand: Report")
Mumbai: India’s gold imports plunged more than 73 percent year-on-year in March to their lowest in 6-1/2 years as record domestic prices and a lockdown to curb the spread of coronavirus squeezed retail demand, a government source said on Monday.
The world’s second biggest consumer of the precious metal imported 25 tonnes of gold in March, down from 93.24 tonnes a year ago, the source said, who is not authorised to speak to the media.
Advertisement
In value terms, March imports dropped nearly 63 percent to $1.22 billion, he added.
 "Which country has the most gold reserves? What’s India’s rank?")
 "Research explains why long-term COVID patients are unable to exercise")
 "COVID-19 cases surge in India again: Is it time for booster jabs?")
 "We expect more JN.1 COVID cases as transmissibility is high: Kerala Health Minister")
 "Which country has the most gold reserves? What’s India’s rank?")
 "Research explains why long-term COVID patients are unable to exercise")
 "COVID-19 cases surge in India again: Is it time for booster jabs?")
 "We expect more JN.1 COVID cases as transmissibility is high: Kerala Health Minister")