Economic TimesLean R·
Gold import growth down substantially in May
Mumbai, The Reserve Bank on Tuesday said that the growth in gold imports "decelerated substantially" in May, which had witnessed multiple appeals by Prime Minister Narendra Modi to reduce consumption of the precious metal."Growth in gold imports, however, has decelerated substantially in May 2026 compared to the preceding month," the RBI said in its bi-annual Financial Stability Report.Gold imports stood at roughly USD 12 billion in May, marking the third consecutive month of decline, a graph p…
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