Higher gold imports widen trade deficit to five months high at USD 19.1 billion

New Delhi [India], May 16 (ANI): In April, India saw a notable rise in gold imports, more than doubling to USD 3.11 billion from USD 1.53 billion in March. During the period gold price ranged between Rs 76,400 and Rs 67,755 per 10 gms in Delhi.

Despite strong gold demand in March, the market saw an unexpected downturn as jewellers stocked up for the Indian wedding season. However, demand revived in April because of marria