Gold imports dip 6.77% during April-December 2019 | Editorji
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Gold imports dip 6.77% during April-December 2019

Jan 29, 2020 18:54 IST

Gold imports fell 6.77% to $23 billion during the April-December period of the financial year 2020 following a 2.5% increase in the import duty, according to the data from the commerce ministry. The government increased the import duty to mitigate the negative impact of gold imports on trade deficit. The decline in gold imports has helped in narrowing the country's trade deficit to $118 billion during the period, against $148.23 billion a year ago.

 

 

 

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