| Date: |
23-08-2013 |
| Subject: |
India’s gold jewellery exports fall 70 percent in July |
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Shipments of gold jewellery fell to USD 441.4 million in July from the USD 1.5 billion in the year ago period, the total gems and jewellery exports fell 17 percent to USD 2.49 billion, the GJEPC said in a statement on Thursday.
Gold imports into India are expected to re-start by next week after the central bank clarified a new rule that brought the flow of the precious metal into the world's top gold consumer to a standstill at the end of July.
Silver jewellery exports surged 184 percent to USD 109.69 million, the GJEPC said.
Shipments of gems and jewellery constituted 17 percent of India's total exports last year, and the federal government has been trying to contain a record trade deficit by containing imports and boosting exports.
Source : jagran.com
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