Gold imports down by 51% in April-May
Gold imports have fallen by nearly 51% to $2.7 billion in April-May this fiscal as against $5.55 billion in the previous year, according to the commerce ministry's data. Further, the in-bound shipments contracted by 39.14% for the fourth straight month in May, the data added. Notably, the trade deficit was lower at $6.27 billion compared to $10.4 billion in 2015.