Gold imports fell down in September

After recording a sharp rise in August, gold imports dipped 45.62 per cent to $2.05 billion in September, a development that will help check the country’s Current Account Deficit (CAD).

The sliding prices of the yellow metal is one of the reasons for the plunge in imports. The prices are declining in both global and domestic markets.

The gold imports stood at $3.78 billion in September 2014.


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