Gold jewellery exports edge higher in Feb

Up 1% at $718.36 million from a year earlier

Gold jewellery exports from India edged higher by 1% in February to $718.36 million from a year earlier, an industry body statement said on Thursday.

India exported $6.35 billion worth of gold jewellery in the first eleven months from April 2013, down from $11.67 billion, the Gems and Jewellery Export Promotion Council said.

Govt, which is fighting hard to reduce its current account deficit, has brought in measures to restrict imports of gold -- its second-biggest import item after oil -- which affected jewellery exports for sometime.

The measures included a rule that said 20% of all the gold shipped in must be turned around and exported as jewellery.