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Gold imports jump 23% to $34.6 billion in 2020-21 SECTIONS Last Updated: Apr 18, 2021, 01:02 PM IST Share Synopsis Despite growth in gold imports, the country s trade deficit narrowed to $98.56 billion during 2020-21 as against $161.3 billion in 2019-20. Agencies Related NEW DELHI: Gold imports, which have a bearing on the country s current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data. Silver imports during the last fiscal, however, dipped by 71 per cent to about USD 791 million. Imports of the yellow metal stood at USD 28.23 billion (about Rs 2 lakh crore) in 2019-20, the data showed.

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