Gem and Jewellery Export Promotion Council (GJEPC) Chairman Colin Shah said that increasing domestic demand is pushing up imports of gold.
Gold imports, which have a bearing on the country's current account deficit (CAD), rose by 22.58 per cent to $34.6 billion (about ₹2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data.
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