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CORRECT: India’s Gold Imports Total 85 Tons in April, Das Says

relates to CORRECT: India’s Gold Imports Total 85 Tons in April, Das Says — Photographer: Frank Rumpenhorst/EPA via Corbis

By

Vrishti Beniwal

May 15, 2015, 7:44 AM UTCCorrectedMay 15, 2015, 3:10 PM UTC

India, the world’s second-largest gold consumer, imported 85 metric tons of gold in April, Revenue Secretary Shaktikanta Das said.

Shipments have totaled about 60 tons so far in May, Das said in an interview in New Delhi on Friday. Purchases jumped 78 percent in value terms to $3.13 billion in April from a year earlier, the Commerce Ministry said in an e-mailed statement on Friday. Imports in March more than doubled to 125 tons from a year earlier, according to the Finance Ministry.