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India's Gold Bar Imports Plunged 86%, Says GJEPC
The Gem & Jewellery Export Promotion Council (GJEPC) sponsored by the Indian Ministry of Commerce and Industry published provisional figures of gems and jewellery items for the month of September 2020. India’s gold bar imports totalled Rs 709.45 crores (USD 96.52 Million) in September ‘20. In rupee terms, the gold bar imports have declined sharply by nearly 83% from the previous year. The decline in dollar terms stood at almost 84%, said GJEPC data. It must be noted that the country’s gold bar imports during September 2019 were valued at Rs 4,236.38 crores (USD 592.34 Million). The cumulative gold bar ... (full story)