Gold imports lowest in 30 months, silver loses sheen

According to latest data available from GSEC Ltd, the imports in May 2016 stood at just 0.423 MT, a steep drop of 92.5% in comparison to 5.64 MT of gold imported in May 2015. It is also at a seven-year low for the month of May.

In April 2016, only 0.99 MT of yellow metal was imported in the state, which too was a seven-year low for the month of April. It is to be noted that only 83.84 metric tonnes (MT) of gold was imported in Gujarat in 2015-16 against 152.24 MT in 2014-15, registering a drop of 44.92% in a year.

Gold imports lowest in 30 months, silver loses sheen