New Delhi, Nov 17 (UNI) India’s merchandise trade deficit widened to $41.68 billion in October from $32.15 billion in September, the commerce ministry said.

In October, India’s exports fell by 11.8% to $34.38 billion, according to the data released by the Ministry. However, imports rose sharply by 16.63% to $76.06 billion.

The surge in imports was driven by a spike in gold and silver shipments. Gold imports alone soared to $14.72 billion in October, compared with $4.92 billion during the same period last year.

As per the government data, in October, gold imports registered a growth of 199.2% to $14.7 billion against $4.9 billion in the year-ago period, while exports to the US slipped about 9% to $6.3 billion last month compared to $6.9 billion.

Further, the services exports are expect

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