India's gold imports fall 99% for a second month on Covid-19 lockdown

Gold imports by India slumped by about 99 per cent for a second straight month in May, disrupted by lockdown.
 

Inbound shipments fell to 1.3 tonnes last month from 105.8 tonnes a year earlier, according to a person familiar with the data, who asked not to be identified as the information isn’t public. That comes after shipments plunged to 60 kg in April, the lowest monthly imports in at least a decade. Finance Ministry spokesman Rajesh Malhotra didn’t immediately respond to two calls to his mobile phone during office hours.
 

India has slowly started easing a lockdown that has grounded