During the first ten months of the current fiscal year — Shrawan – Baishakh — 4631 kg of gold worth Rs.35.77 Arba were imported. This is a Rs 14 Arba increase over the same period previous year. In comparison to the previous year, gold imports have increased by 52.51 percent. In addition, gold investment climbed by 68.68 percent, while gold import revenue increased by 53.93 percent.
There are no inspections or controls in place for gold imports, and gold imports in the domestic market have skyrocketed, generating a dollar shortage. Furthermore, the stock market is down, and most gold is utilized for holding, resulting in an increase in import volume.
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