Gold import down by 60 percent in last fiscal year

Despite price per tola at nearly six-figure mark, demand among investors rose and banks sold 105 kg in just one week after lockdown was lifted in July.

Much like the import of other non-essential commodities the import of gold also declined sharply in the fiscal year 2019-20 with 60.6 percent less of it entering the country compared to the fiscal year 2018-19 mainly because of the fall in demand.