New Delhi: After registering negative growth, the country’s gold imports, which impact Current Account Deficit (CAD), jumped by 192.13 per cent to USD 4.47 billion in March, on account of significant increase in the prices of the yellow metal according to commerce ministry data. Gold imports stood at USD 1.53 billion in January 2024. Cumulatively, during April-March 2024-25, the inbound shipments rose 27.27 per cent to USD 58 billion against USD 45.54 billion in 2023-24.

The increase in imports also indicates strong investor confidence in the precious metal as a safe asset. The other reasons include asset diversification towards gold due to global uncertainties, increasing demand from banks, and jump in prices. On April........

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