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Published on 21/05/2019 4:09:13 PM | Source: Dion Global Solutions Ltd

Gold imports in April rise 54 per cent to USD 3.97 bn

Posted in Commodity Top News| #Gold #Import Exports #Commodity

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Gold imports in April increased 54 per cent to USD 3.97 billion, which has widened the country's trade deficit and fuelled worries about the current account deficit (CAD). According to data from the commerce ministry, imports of the precious metal stood at USD 2.58 bn in April 2018. In April the increase in gold imports pushed the country's trade deficit to a five-month high of USD 15.33 billion.