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India's gold imports skyrocketed in March, pushing trade deficit to a record $21.54 billion.
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.
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.
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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Las importaciones de oro de la India se dispararon en marzo, empujando el déficit comercial a un récord de $21.54 mil millones.