NEW DELHI: The Gems and Jewellery Export Promotion Council (GJEPC) has released the details of imports and exports of raw materials for gems and jewellery for the month of September this year. According to GJEPC data, the gold bar imports by the country during the month recorded significant jump when matched with the previous year.
The monthly import statistics indicate that the total gold bar imports by the country during September ‘16 amounted to Rs 2,676.87 crores (USD 401.09 Million). In rupee terms, the gold bar imports have increased by nearly 65% over the year. The jump in dollar terms stood at 63.8%. It must be noted that the country’s gold bar imports during September 2015 were valued at Rs 1,621.40 crores (USD 244.85 Million).
The September ’16 gold bar imports have increased when compared with the imports during the month before. The country’s gold bar imports had totaled Rs 1,736.38 crores (USD 259.39 Million) in August this year. The cumulative gold bar imports by the country during the initial six months (Apr ’16 to Sep ’16) of the current fiscal year surged higher by over 51% in rupee terms from Rs 11,001.78 crores (USD 1,716.61 Million) during April to September in 2015 to Rs 16,663.57 crores (USD 2,490.45 Million).
