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Gold imports News

17 Sep 2024

Gold Imports Doubled To Record High Of USD 10.06 Bn In August

India's gold imports, which have a bearing on the country's current account deficit (CAD), dipped by 4.23 per cent to USD 12.64 billion during April-July 2024-25.

15 Aug 2024

Gold Imports Dip 4.23 Per Cent To USD 12.64 Billion In Apr-July

Switzerland is the largest source of gold imports, with about 40 per cent share, followed by the UAE (over 16 per cent) and South Africa (about 10 per cent).

02 Jul 2022

Gold price today, July 2: Gold rates go up by Rs 930, check rates in metros

Gold prices have fluctuated in major Indian metro cities over the last 24 hours. The gold prices in Delhi is Rs 52,200 for 24 carat (10 grams) and Rs 47,850 for 22 carat (10 grams). In Kolkata, the price of 24 carat (10 grams) gold is Rs 52,200, whereas 22 carat (10 grams) gold is Rs 47,850.

13 Mar 2022

Gold imports surge to USD 45 billion in April-Feb this fiscal

The imports stood at USD 26.11 billion in April-February 2021. The gems and jewellery exports during the first nine months of the current fiscal grew by 57.5 per cent to USD 35.25 billion. Gold imports in volume terms in April-February 2022 stood at 842.28 tonnes.

27 Jun 2021

Gold imports jump multi-fold to $6.91 bn in April-May on low base effect

Imports of the yellow metal had plunged to USD 79.14 million (Rs 599 crore) in the corresponding period last year, the data showed. Silver imports, however, dipped by 93.7 per cent to USD 27.56 million. Gems and jewellery exports increased to USD 6.34 billion during the first two months of the current fiscal as against USD 1.1 billion in the same period previous year.

18 Apr 2021

Gold imports rise by 22.58% to $34.6 bn in 2020-21

Silver imports during the last fiscal, however, dipped by 71 percent to about USD 791 million. Imports of the yellow metal stood at USD 28.23 billion (about Rs 2 lakh crore) in 2019-20, the data showed. Despite growth in gold imports, the country's trade deficit narrowed to USD 98.56 billion during 2020-21 as against USD 161.3 billion in 2019-20. The demand for gold would further increase on account of the forthcoming auspicious Akshaya Tritiya and marriage season which could increase the CAD.

21 Mar 2021

Gold Price Today 21 March, 2021: Gold imports slip 3.3% to USD 26.11 bn in Apr

Imports of the yellow metal stood at USD 27 billion in April-February 2019-20. In volume terms, the country imports 800-900 tonnes of gold annually. The imports of gold jumped to USD 5.3 billion in February as compared to USD 2.36 billion in the same month last year, the data showed.

06 Apr 2020

India's March gold imports plunge to a new low on record price: Sources

The world's second-biggest consumer of the precious metal imported 25 tonnes of gold in March, down from 93.24 tonnes a year ago, the source said, who is not authorised to speak to the media.

04 Dec 2018

CAD may widen to 3% in September quarter on higher crude prices, gold imports

The CAD is the difference between the inflow and outflow of foreign currency.

19 Oct 2018

Gold imports up 4% to $17.63 billion in Apr-Sep 2018-19

Imports of the precious metal stood at USD 16.96 billion in April-September 2017-18 financial year, according to the commerce ministry data.

India gold import duty

19 Sep 2018

World Gold Council warns India against curbs on gold imports

MD of the Indian operation of the industry body, said gold not at the centre of the current account deficit issue.

18 Sep 2018

Govt may take policy steps to curb gold imports; unlikely to raise duties

The effort is a part of the exercise by the government to check fall in rupee value and control current account deficit (CAD).

13 Apr 2018

India's gold imports shrink 40 percent to USD 2.49 billion in March

India's gold imports fell 40.31 per cent to USD 2.49 billion in March, which is expected to keep a lid on the current account deficit (CAD).

India's Exports

15 Dec 2017

Exports stage smart recovery, up 31% in November

Trade deficit widened to USD 13.82 billion in the month under review from USD 13.39 billion in November 2016.

08 Nov 2017

India's gold imports may fall 25% in December quarter

In the first nine months of 2017, the country`s gold imports surged 131 percent to 638.4 tonnes, according to GFMS data, as jewellers advanced buying in the first half of the year ahead of a sales tax hike that took effect from July 1.

13 Oct 2017

Exports jump 25.67% in Sept; trade deficit narrows to 7-month low

Trade deficit narrowed to 7-month low of USD 8.98 billion in the month under review from USD 9.07 billion in September 2016.

India's trade deficit

14 Aug 2017

India's trade deficit shrinks to $11.45 billion in July

India`s trade deficit narrowed to $11.45 billion in July from a month ago, following a slowdown in merchandise imports, government data showed on Monday.

09 Aug 2017

Surge in gold imports from South Korea sets off alarm bells

Gold imports from South Korea, with which India has a free trade agreement since January 2010, has jumped to USD 338.6 million during July 1 and August 3 this year.

India's Exports

15 Mar 2017

India's exports up for 6th straight month, post double digit growth in February

India's exports exhibited a double digit growth of 17.48 percent, valued at USD 24.5 billion in February compared to USD 20.84 billion during the same month last year on increase in shipments of non-petroleum, non gems and jewellery products.

12 Mar 2017

Gold imports fall sharply post-demonetisation

The Centre's demonetisation drive is seemed to have a significant impact on the gold demand in the country as imports of the metal dropped sharply in December and January.

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