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Gold Imports Reduce by Massive 40% in March
April 17, 2018
As per the data with the commerce ministry, gold imports in India shrunk by 40.31% to 2.49 billion US Dollars in March compared to 4.17 US Dollars as recorded in March 2017. Experts believe the massive fall in the gold demand could be because of the softening prices of the precious metal in the international markets.
Surprisingly, the demand for silver continues to grow, as its imports grew by 31% to 267 US Dollars during the same period.
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