Tag: happenings
November 2022 Jewellery News, Views, Tendencies And Happenings
Gold imports to India surged 26.7% to $35.95 billion from April to December, compared to the same period a yr earlier, driven by robust demand. In December alone, imports of the dear metallic soared by 156.5% to $3 billion. Switzerland remains the biggest source of gold imports, accounting for about 41% share, followed by the UAE (about 13%) and South Africa (about 10%). Despite the rise in gold imports, India’s trade deficit narrowed to $188.02 billion in the first three-quarters of this fiscal 12 months. In November, India’s gem and jewellery exports decreased by 4.52% YoY to Rs 19,018.18 crore …
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