According to data provided by the Commerce Ministry and quoted in the piece, gold import in May “was the highest after August 2015”, when it totaled $4,958.6 million. The reason for the increased imports, according to the piece, is that traders “wanted to replace gold that was not earlier shown on the books ahead of the goods and services tax (GST). Once that is done, jewellers are in a hurry to sell jewelry ahead of the GST.