Gold imports in India dropped 4.23% to $12.64bn during April-July 2024-25, contributing to a widening trade deficit.

Gold imports in India dropped 4.23% to $12.64bn between April and July 2024-25, as per government data, due to global economic uncertainties. This decline contributed to India's trade deficit widening to $23.5bn in July and $85.58bn during the first four months of the fiscal year. India, the world's second-largest gold consumer after China, mainly imports gold to meet the demand from its jewelry industry.

August 15, 2024
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