India’s gold imports high to a two-year high in March,
as prices down in the current wedding season.
According to Bloomberg estimates that in the first three months of 2021,
imports almost doubled to nearly 190 tonnes, the second-largest consumer in the world.
However, the re-create of virus cases and restrictions on movement and business operations in some states are worrying jewelry retailers as it fears to rescue sales. In Maharashtra, the country’s largest gold market, non-essential businesses have been asked to close in late April as Infections are on the rise.