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flag India's gold imports skyrocketed in March, pushing trade deficit to a record $21.54 billion.

flag India's gold imports surged by 192.13% to $4.47 billion in March, driven by rising gold prices and strong demand in the jewelry sector. flag This increase pushed India's trade deficit to a record high of $21.54 billion and contributed to a Current Account Deficit of $11.5 billion. flag Despite this, gold prices are expected to remain stable due to ongoing geopolitical uncertainties and trade tensions, supported by strong central bank purchases.

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