India's April gold imports plunge 99.9% to three-decade low: government sourceIndia's April gold imports plunge 99.9% to three-decade low: government source
FILE PHOTO: A salesman arranges gold bangles inside a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Mumbai, India

NEW DELHI/MUMBAI (Reuters) – India’s gold imports plunged 99.9% year-on-year in April to their lowest in nearly three decades as air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus, a government source said.

The world’s second biggest consumer of the precious metal imported around 50 kilograms of gold in April, down from 110.18 tonnes a year ago, the source said on Monday, who is not authorised to speak to the media.

In value terms, April imports dropped to $2.84 million from to $3.97 billion a year ago, he added.

(Reporting by Aftab Ahmed and Rajendra Jadhav; editing by David Evans)