India's gold imports in Jan up 85% to $2.91 bn
According to Commerce Ministry data, India's gold imports in January have gone up by 85% year-on-year to $2.91 billion, driven by a dip in the global prices of gold to a five-year low. Further, imports during the April-January period increased to $29.36 billion against $27.42 billion during last fiscal. Notably, India is the largest importer of gold in the world. 