Net gold imports jump 27% in Jan-Mar quarter

India’s net import of gold jumped by 27 per cent to 192.4 tonnes in the first quarter of calendar year 2019 from 151 tonnes in the same period last year. The main reason was the steep fall in gold price from record highs in February, according to Harshal Barot, research consultant, Metals Focus, data provider to miner’s lobby World Gold Council (WGC). Indeed, the MCX generic contract hit a record high of Rs 35,052 per 10 gm on February 20 before correcting to Rs 32,686 at March-end — all prices  ..

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