Gold imports up 35.5% in Apr-Jun

The country’s gold imports, which have a bearing on the current account deficit (CAD), increased by 35.5 per cent to $11.45 billion (about ₹80,000 crore) during April-June quarter of the current fiscal, according to Commerce Ministry data. Imports of the yellow metal stood at $8.45 billion (about ₹59,000 crore) in the same period of 2018-19. CAD increased to $57.2 billion or 2.1 per cent of GDP in 2018-19 as against 1.8 per cent in the previous year. It stood at $48.7 billion in 201718. PTI