Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Market / Stock-market-news/  Gold imports dip to 661 tonnes in FY14
BackBack

Gold imports dip to 661 tonnes in FY14

Gold jewellery exports increased to `33,349.38 crore in 2013-14 from `30,840.55 crore a year ago

An over six-fold jump in gold imports in November has pushed country’s trade deficit to one-and-a-half year high of $16.86 billion in the month, causing fresh concerns for economic policy makers. Photo: BloombergPremium
An over six-fold jump in gold imports in November has pushed country’s trade deficit to one-and-a-half year high of $16.86 billion in the month, causing fresh concerns for economic policy makers. Photo: Bloomberg

New Delhi: Gold imports stood at 661.71 tonnes during 2013-14 as compared with 1,013.72 tonnes in the previous fiscal, Parliament was informed on Wednesday.

Total gold imports in 2011-12 were 1,078.35 tonnes, commerce and industry minister Nirmala Sitharaman said in a written reply to the Rajya Sabha. She further said that gold jewellery exports increased to 33,349.38 crore (1,20,448 kg) in 2013-14 from 30,840.55 crore (1,08,827 kg) a year ago.

In 2011-12, the shipments stood at 31,966.97 crore (1,17,694 kg). An over six-fold jump in gold imports in November has pushed country’s trade deficit to one-and-a-half year high of $16.86 billion in the month, causing fresh concerns for economic policy makers.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 17 Dec 2014, 07:11 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App