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    India's May gold imports fall 99% from a year ago to 1.4 tonnes: Source

    Synopsis

    In value terms, May imports dropped to $76.31 million from to $4.78 billion a year ago.

    Gold-
    The world's second-biggest consumer of the precious metal imported around 1.4 tonnes of gold in May, down from 133.6 tonnes a year ago
    NEW DELHI: India's gold imports in May plunged 99 per cent from a year earlier as international air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus, a government source said on Tuesday.

    The world's second-biggest consumer of the precious metal imported around 1.4 tonnes of gold in May, down from 133.6 tonnes a year ago, said the source, who declined to be identified because they are not authorised to speak to the media.

    In value terms, May imports dropped to $76.31 million from to $4.78 billion a year ago, he added.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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