India's gold imports down 74% to $1.75 billion in April

Imports of gold in April 2013 stood at USD 6.78 billion. In March, the imports of the precious metals were down by 17.27 per cent to USD 2.75 billion from USD 3.33 billion in the same month previous year.

Gold imports declined over 74 per cent to USD 1.75 billion in April due to restrictions imposed by the government on inbound shipments of the precious metal to narrow the current account deficit.  read more