India’s gold imports fell about 7 percent, to 20.6 billion dollars during April to November period of the ongoing financial year, according to the commerce ministry data. Imports of the yellow metal stood at 22.2 billion dollars in the same period of the previous fiscal.

The decline in gold imports has helped in narrowing the country’s trade deficit to 106.8 billion dollars during the eight-month period under review, against 133.7 billion dollars in the year-ago months.