January gold imports down nearly 70%
By GCRU Gold News on Thursday, February 2 2017, 03:03 - Permalink
The gold business is showing scant signs of revival after being severely hit by demonetisation. This is evident as gold imports have only marginally increased from last month. According to data provided by Ahmedabad Air Cargo Complex, gold imports in January were nearly 70% lower than in the same period last year. Imports stood at 2.8 metric tonnes (MT) till Jan 30 this year, against 9.42 MT in January 2016.