We expect gold imports to rise further in coming months: GJEPC

The imports, it said, picked up in August which recorded the second-highest gold imports of 118.08 tonnes

The country's gold imports are expected to grow further in the coming months on account of peak demand due to festive and wedding seasons, Gems and Jewellery Export Promotion Council (GJEPC) said on Wednesday.

Gold imports, which have a bearing on the current account deficit, zoomed to about USD 24 billion during April-September 2021.

The council said that the imports have witnessed a fluctuating trend during the last six months and have come at par with the statistics of the pre-covid years.

Gold imports in May (12.98 tonnes) and June (17.57 tonnes) 2021 were severely hit by the second devastating Covid wave that