Nov gold imports highest in a yr

Ahmedabad reported the highest import of gold in a year in the month of November, official data shows.

GSECL, which handles cargo at the Sardar Vallabhbhai Patel International Airport, said that 14.40 tonne gold was imported at the Air Cargo Complex in November 2017, 22% lower than 18.65 tonne imported in November last year, but the highest in a single month after that. With the exception of November 2016, gold imports at the Air Cargo Complex in November 2017 were the highest for a single month since August 2016, when 15.78 tonne gold was imported, as per the GSECL data.

Some of the other months in the past year in which high gold imports were reported include May (12.95 tonne), March (11.45 tonne) and February (10.15 tonne).

For the first eight months of the current financial year, ie from April-November 2017, 47.80 tonne gold was imported at Ahmedabad, an increase of 31% over 36.37 tonne in the same period of last year.

SILVER IMPORTS

• Imports of the other shiny metal silver, which stood at 25.56 and 26 tonne for September and October respectively, stood at 0.36 tonne in November.

• For the first eight months of the ongoing financial year, silver imports at Ahmedabad airport were reported at 116 tonne as against a bit under 12 tonne in the same period.