India's May gold imports fall 99% from a year ago to 1.4 tonnes
In value terms, May imports dropped to $76.31 million from to $4.78 billion a year ago.
Trending Photos
New Delhi: India`s gold imports in May plunged 99% 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.
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.
Live Tv