Due to decline in oil import, India's trade deficit for the month October has narrowed to 13 billion dollars as compare to the previous month of 14.25 billion dollars. Trade deficit in October last year had stood at 10.5 billion dollars. Export data today released by Commerce Ministry said that the gold imports jumped to 4.17 billion dollars from 1.09 billion dollars a year ago. Silver imports were reported at 686 million dollars. Meanwhile, the exports in October also hit lowest level since March 2014. It reduced by 5.04 per cent to 26 billion dollars in October as compare to same month of last year.