NEW DELHI ; The country’s gold imports in November reached a record high of USD 14.86 billion, registering a four-fold increase, mainly on account of festival and wedding demands, according to Commerce Ministry Data. Gold imports stood at USD 3.44 billion in November 2023.
Cumulatively, imports during April-November this fiscal year rose 49 per cent to USD 49 billion as against USD 32.93 billion in the same period last fiscal year.
According to the ministry, gold, with about 25 per cent average annual return, is one . . .
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