Gold imports more than double in March

Gold imports more than doubled to 125 tonnes in March from 60 tonnes in the same period a year ago, three TV channels reported on Friday.

Gold imports in the fiscal year 2014/15 ended March 31 jumped to 900 tonnes, up 36 per cent from a year ago, the TV reports showed.

Gold imports by the world's top consumer surged in March due to a key Hindu festival Akshay Tritiya, when it is considered auspicious to buy gold, and the ongoing wedding season when demand for jewellery typically spikes, Rahul Gupta, director, P.P. Jewellers told Reuters.

(Reuters)