Exporting imported gold was a preferred option for gold traders and export houses when the demand for the yellow metal was at its ebb during 2016. However, after Diwali, due to existing domestic demand, which continued in November, when the government announced its demonetisation move, the share of such exports has fallen sharply from that in the September quarter, which had seen 55 per cent of imported gold going out of the country, either as genuine value-added jewellery or as part of round-tripping.