Gold imports in India declined by 99.5% in April as lockdowns, aircraft operations and jewelery shops closed across the country to curb the spread of the Corona epidemic. This is the lowest level of gold imports in the last three decades.

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India is the second largest importer of gold in the world. But in April 2020 only 50 kg of gold was imported into the country. 110.18 tonnes of gold were imported in the same period last year. In terms of price, gold imports in April decreased to $ 2.84 million from $ 3.97 billion a year earlier.

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Imports were negligible due to the lockdown in April, due to which many industries which contributed to the country's economy remained closed. Most of India's imports are done by air but have suffered due to the complete shutdown of the airline industry.

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