Commodities Gold imports dip 5.5% during April-February to $29.5 billion Updated : March 24, 2019 12:34 PM IST Trade experts said softening prices of the yellow metal in the world markets could be the reason for the contraction in imports. India is one of the largest gold importers in the world, and the imports mainly take care of demand from the jewellery industry. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.