Gold import slumped by 51 percent in July-September

Pakistan's gold import slumped by 51 percent to $3.490 million in July-September 2016, official figures say. The decline in gold import in July-September 2016 comes to $3.6 million comparing to the precious metal import of $7.090 million in July-September 2015, Pakistan Bureau of Statistics depicts.
Gold import volume also plunged by 48.37 percent or 90 kilograms to 95 kilograms in July-September 2016 from 185 kilograms in July-September 2015. In September 2016, the country's gold import dipped by 61 percent or $1.651 million to $1.071 million from $2.722 million in September 2015. In term of quantity, gold import scaled back by 58 percent or 40 kilograms to 29 kilograms in September 2016 from 69 kilograms in 2015.