The Gem & Jewellery Export Promotion Council (GJEPC) monthly trade data suggests notable jump in imports of gold bars by the country during the initial eight months of the fiscal year. The Apr-Nov ’18 gold imports by the country surged higher by nearly 67%. Meantime, the monthly imports reported marginal decline in Nov ’18, when compared with the year-ago month. India imported $5,476.33 million worth of gold bars during Apr-Oct ’18. This is higher by 66.53% when compared with the corresponding eight-month period in 2017. The country’s import of gold bars had totaled only $3,414.75 million during April to November in ... (full story)