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Gold Imports

Gold imports up 331% to record high of $14.86 billion in November

Gold imports up 331% to record high of $14.86 billion in November

Mon, Dec 16, 2024

According to the ministry, gold, with about 25 per cent average annual return, is one of the best-performing assets in 2024 (till November) and high imports indicate strong investor confidence in the precious metal as a safe asset.

Gold imports rise 26.7% to USD 35.95 billion in April-December FY24

Gold imports rise 26.7% to USD 35.95 billion in April-December FY24

Mon, Jan 29, 2024

The imports stood at USD 28.4 billion during the same period a year ago. In December 2023, imports of the precious metal jumped by 156.5 per cent to USD 3 billion, as per the data released by the commerce ministry.

India's Oct gold imports surge to 31-month high on festive demand

India's Oct gold imports surge to 31-month high on festive demand

Mon, Nov 20, 2023

Higher imports by the world’s second-biggest bullion consumer could support benchmark gold prices, but may also widen India’s trade deficit and put pressure on the ailing rupee.

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India’s gold imports at 11-month high in October at over 99 tons

India’s gold imports at 11-month high in October at over 99 tons

Mon, Dec 05, 2016

Ministry of Commerce and Industry, on Monday revealed the details of gold imports in India over the past year and October’s imports which amounted to 99.62 tons valued at $3.5 billion.

Demonetisation: India gold premiums surge to two-year highs on fears of import curb

Demonetisation: India gold premiums surge to two-year highs on fears of import curb

Fri, Nov 18, 2016

Gold premiums in India jumped to two-year highs this week as jewellers ramped up purchases on fears that the government might put curbs on imports after withdrawing higher-denomination notes from circulation in its fight against black money.

Govt hikes import tariff value on gold, silver

Govt hikes import tariff value on gold, silver

Tue, Nov 01, 2016

The government on Monday hiked import tariff value on gold and silver marginally to $414 per 10 grams and $577 per kg, respectively, taking into account global trends.

India's clampdown on 'black money' curbs gold appetite: Kotak

India's clampdown on 'black money' curbs gold appetite: Kotak

Tue, Oct 18, 2016

India's crackdown on undisclosed foreign assets and income is curbing demand for gold in the world`s second-biggest consumer, while rising real interest rates and better returns from other financial markets are also hurting purchases, a banker said.

Gems, jewellery exports up nearly 12% in April-July period of FY17

Gems, jewellery exports up nearly 12% in April-July period of FY17

Thu, Aug 25, 2016

Exports of gems and jewellery grew 11.7% to $11.4 billion during the first four months of the current fiscal, driven largely by demand in India's major markets like the United States (US).

Illicit Gold: India's smugglers shut out refiners, banks

Illicit Gold: India's smugglers shut out refiners, banks

Tue, Aug 23, 2016

Indian gold refiners just months ago were ramping up capacity and struggling to secure enough ore from miners. Now, they are suspending operations as a surge in smuggled bullion wipes out wafer thin margins.

Gold import falls nearly 53% to $4.97 billion in April-July

Gold import falls nearly 53% to $4.97 billion in April-July

Mon, Aug 15, 2016

Gold imports more than halved to $4.97 billion in the first four months of the current fiscal, which is expected to keep a lid on the current account deficit (CAD).

Gold imports decline by 51% to $2.7 billion in April-May

Gold imports decline by 51% to $2.7 billion in April-May

Sun, Jul 03, 2016

The sliding prices of the precious metal in both global and domestic markets are seen as a contributory factor for the plunge.

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