India reduced gold imports in monetary terms to 1.2089 billion dollars in June 2016, which is lower than in the same period of last year by 38.5%, according to the Ministry of Trade and Industry report. In the first half of the year, gold imports to India dropped by 43% to 9.2 billion dollars, appear from the report of the Ministry. Silver imports in June dropped by 27.16% to 249.4 million dollars. Also, the document states that the import of non-ferrous metals in the country increased by 9.9% to 941 million dollars. Exports of gems and jewelrydroppedby 0.5% to 3.509 billion dollars.In 2015, India imported gold by about 35 billiondollars, 13% higher than a year earlier.
Source: Uncommercial joint ownership "Trans-regional Association of precious metals producers"