Gold imports have been recording negative growth since December last year. India’s gold imports contracted for the fifth consecutive month in a row, falling by about 100 per cent to USD 2.83 million in April due to the lockdowns imposed globally on account of coronavrius outbreak.
Jewellery Exports
Gems, Jewellery Exports Decline By About 5% in April-July
Gold Silver Reports (GSR) — The country’s gems and jewellery exports contracted by around 5% to ₹10.64 billion in April-July this fiscal, mainly on account of demand slowdown in major developed markets.