Gold Import India picked up to pre-covid level
Recovered to strong festive & export demand Average imports of gold during April-September 2021 stood at 72.16 tonnes: The average imports of gold in value terms during April-September 2021 was US$3992.34 million, an increase of around 40% versus the Fiscal Years 2017 to 2019. This is mainly on account of the rise in gold prices and exchange rate India's Gold imports have witnessed a fluctuating trend during the last 6 months and have come at par with the statistics of the pre-covid years. In April-September 2021, in terms of value, the average import of gold recorded at US$3992.34 million which is higher than the average gold imports in the previous years. This is mainly on account of rise in gold prices in the last year and the exchange rate. However, for the same period, the average gold imports of 72.16 tonnes was at par with an average imports during the past 3 years—80.51 tonnes in 2017-18, 87.92 tonnes in 2018-19 and 70 tonnes in 2019-20. Gold imports in May