India is the world's second-biggest gold consumer after China. The imports mainly take care of the demand by the jewellery industry
Imports during the month under review grew by 30.97 per cent to $60.3 billion. The trade deficit in April 2021 was $15.29 billion.
The European Union imposed more sanctions on Russia on Thursday over the war in Ukraine after the bloc's member states backed a series of measures that would include gold imports and tighten export controls on some...
Earlier, the basic customs duty on gold was 7.5 per cent, now it will be 12.5 per cent