India’s April gold imports fall by 99.9% to three-decade low
Shortpedia
Content Team
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According to a government source, India’s gold imports plunged 99.9 per cent year-on-year in April to their lowest in nearly three decades. The reason behind the plunge is the ban on air travel and closure of jewellery shops amid a nationwide lockdown to curb the spread of coronavirus. India imported around 50 kilograms of gold in April, down from 110.18 tonnes a year ago. April imports dropped to $2.84 million from $3.97 billion.
