India's gold imports more than double in Apr-Dec 2021 to $38 bn

India's gold imports rose to $38 billion in April-December 2021 from $16.78 billion in April-December 2020, a 126.4% YoY increase, as per Commerce Ministry's data. The surge in gold imports in April-December 2021 contributed to widening of India's trade deficit to $142.44 billion, a 132% YoY increase. India's trade deficit in April-December 2020 stood at $61.38 billion.