Gold imports continue to surge for the second consecutive months in February with yellow metal rising to $1.98 billion (Rs12,293 crore). Gold imports had inched up in January 2015 to $1.55 billion.
Despite easing in gold import norms, the shipments had dropped sharply in December 2014. The December import figure stood at $1.34 billion, about one-fourth of the quantity in November.
As per data released by the Commerce Ministry this month, the gold shipments in February jumped 48.78 per cent on a year-on-year basis.