Price fall aids gold imports

Gold imports in March stood at 27.8 tonne compared to nil in the same month last year as demand rose due to decline in prices.

Gold imports in March stood at 27.8 tonne compared to nil in the same month last year as demand rose due to decline in prices to Rs 16,000 level from the peak of Rs 18,500 per 10 grams in December 2009. The imports rose due to increase in the investment demand for the precious metal.

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