Extending losses into a sixth session, spot gold was down 0.7% to $1,736.03 per ounce by 11:23 a.m. EDT (1523) GMT after hitting its lowest level since July 27 earlier in the session.
The imports stood at USD 12 billion during the same period a year ago
The precious metal had closed at Rs 53,111 per 10 grams in the previous trade
Spot gold slid 1.3% to $1,778.35 per ounce by 11:16 ET, having hit its lowest since Aug. 8 earlier in the session. U.S. gold futures dropped 1.2% to $1,794.20.
The white metal has lost about 11%, weighed down by the stronger US dollar, rising interest rates and slowing growth
10 gram of 22-carat gold traded at Rs 47,550 on Tuesday
The precious metal had closed at Rs 52,142 per 10 grams in the previous trade
The 170-carat stone from the Lulo alluvial mine has been named the "Lulo Rose"
In India, the fall has been less steep due to the recent import duty hike on the yellow metal
The price of silver fell by Rs 6,100 per kg from the previous day's closing price, with the metal selling at Rs 56,400 on Thursday
Spot gold held its ground at $1,741.84 per ounce at 0531 GMT. U.S. gold futures dipped 0.1% to $1,740.10
Silver is trading at Rs 59,400 per kg
In Delhi, Kolkata, and Bangalore, 10 gram of 24-carat gold is trading at Rs 51,980
Spot gold was flat at $1,817.01 per ounce by 0615 GMT. U.S. gold futures were little changed at $1,816.90
Spot gold was up 0.1% at $1,821.57 per ounce by 0254 GMT. U.S. gold futures firmed 0.1% at $1,823.10
A kg of silver is trading at Rs 60,300 on Tuesday
Spot gold rose 0.3% to $1,842.85 per ounce by 1411 GMT. U.S. gold futures inched 0.4% higher to $1,845.20
Spot gold climbed 0.9% to $1,824.80 per ounce by 1002 GMT while U.S. gold futures rose 0.8% to $1,827.30
In value terms, May imports surged to $5.83 billion from $678 million a year ago
Spot gold was up 0.2% at $1,856.86 per ounce, as of 0152 GMT. U.S. gold futures edged 0.1% higher to $1,859.40