India's gold bar imports slumped to an all-time low with the Indian government's restrictive measures on the import of the precious metal.

Imports of gold bars droped 51% in fiscal year 2014 over 2013 (April to March). During fiscal year 2014, gold bar imports totalled $5,415.53 million, as compared to the $11,127.95 million worth of gold bar imports during fiscal 2013, data released by the Gems and Jewellery Export Promotion Council showed.