Gold Imports Surge during April-August 2024, while exports of Gems and jewellery declines

New Delhi [India], September 17 (ANI): Gold imports in India surged to USD 22.70 billion during the April-August 2024 period, up from USD 18.14 billion in the same period last year, driven by increased demand. Increase is gold imports is cited to increased buying by central bank, jewellers buying for increased demand for the festive season and a reduction in duty in the union budget.

The spike in imports reflects the grow