| Date: |
25-06-2012 |
| Subject: |
India April-May gold imports down $6.2 bn: Report |
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New Delhi: Finance secretary R.S. Gujral on Friday said that gold imports to India, one of the world's largest buyers, came down by USD 6.2 billion in the first two months of the current fiscal that began in April, compared with the same period year-ago, a news wire has reported.
Gold buying in India has been sluggish after prices rose to record high and the government doubled import duty on the yellow metal to 4 percent.
Gold imports have been widely blamed as one of the reasons for the country's widening current account deficit.
With Agency Inputs
Source : zeenews.india.com
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