Gold Imports

Saturday, Apr 20, 2024 | Last Update : 03:45 AM IST

The gold trade has been stocking the metal to take advantage of the price correction. (Photo: PTI/Representational)

9-month gold imports double of demand

In the first nine months of 2021, the country imported an aggregate of 778 tonnes of gold-more than double the demand of 360.2 tonnes

29 Oct 2021 7:46 AM

India's August gold imports doubles to hit 8-month peak. (Representative Image)

Gold imports in August doubles to hit 8-month peak as demand improves

In value terms, August imports surged to $3.7 billion from $1.37 billion a year ago

02 Sep 2020 2:06 PM

India’s gold imports plunged 86% year-on-year in June. (PTI Photo)

India's June gold imports plunge 86% due to record high prices

The world’s second-biggest consumer of the precious metal imported around 11 tonnes of gold in June, down from 77.73 tonnes a year ago

02 Jul 2020 2:04 PM

India's April gold imports plunge 99.9% to three-decade low. (PTI Photo)

India's gold imports plunge to three-decade low

The world’s second biggest consumer of the precious metal imported around 50 kilograms of gold in April, down from 110.18 tonnes a year ago

05 May 2020 10:12 AM

Government to come out with sovereign gold bonds at 2.5% interest. (AP Photo)

India to issue sovereign gold bonds at 2.5% interest rate

The bonds will be issued in six tranches until September, and will be sold through banks and designated post offices

14 Apr 2020 10:37 AM

In February India imported 46 tonnes of gold, which includes both refined gold and dore, compared to 77.64 tonnes a year earlier, Reuters reported. In value terms, February imports totalled $2.36 billion, down from $2.58 billion in February 2019.

Gold imports down 41 per cent, demand too falls

The demand for gold at the retail level also has fallen significantly in the past two months.

04 Mar 2020 2:00 AM

Post-festive season, the bullion dealers and jewellers found an opportunity to replenish their stocks when the prices fell by around Rs 200 per gm from record high levels in the domestic market.

Gold imports surge 78 per cent in November

The country imported 71 tonnes of gold in November, compared with 40 tonnes in October, reports quoting government officials said.

04 Dec 2019 2:22 AM

India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. (Photo: Representational)

Gold imports dip 9 per cent during Apr-Oct

Dip in gold imports has helped in narrowing the country's trade deficit to USD 94.72 billion during Apr-Oct 2019-20.

24 Nov 2019 4:32 PM

Unofficial imports stood at 35 tonnes in H1, lower than 46.8 tonnes in the same period last year.

Gold imports increase 46 per cent in June quarter

Meanwhile gold demand at the retail end rose 14 per cent to 212 tonnes.

26 Jul 2019 1:15 AM

Gold imports last month was up both in terms of value and volume, compared to the year ago month. The entire June quarter saw demand going up by around 32 per cent.

High prices fail to dampen gold imports in June

Increase in imports - both in volume and value- indicates that demand has not dropped for gold despite the six-year high prices.

03 Jul 2019 6:59 AM

Of this, 281 tonnes or 55 per cent was supplied by refiners, who had imported gold in the dore form.

Dore makes up majority of gold sales

Of the total gold imports of 757 tonnes in 2018, 512 tonnes was consumed by the domestic market.

13 Jun 2019 1:08 AM

Retail buying was robust during Akshaya Tritiya and jewellers had replenished their stocks after the festival, leading to increased imports.

Gold imports rise 49 per cent last month

The country’s gold imports in value terms rose to $4.78 billion last month from $3.48 billion in the same month last year, Reuters reported.

05 Jun 2019 2:52 AM

Gold prices dropped nearly 7 per cent from the recent high of February 2019. Weakness in gold prices will attract more buyers to gold.

Gold import increases 20 per cent ahead of Akshaya Tritiya

Mehta expects demand growth of at least 10 to 15 per cent this Akshaya Tritiya.

02 May 2019 12:32 AM

Total imports of gold metal in the corresponding period of 2017-18 stood at USD 31.2 billion, according to commerce ministry data. (Representational Image)

Gold imports dip 5.5 pc during April-Feb likely to keep lid on CAD

Trade experts said softening prices of the yellow metal in the world markets could be the reason for the contraction in imports.

24 Mar 2019 11:17 AM

South Korea has asked India to remove restrictions on gold and silver imports, which were imposed to check abuse of free trade agreement leading to significant surge in the inbound shipments.

South Korea seeks relaxation from India on gold, silver import norms

India is the world's second biggest gold consumer after China.

03 Jun 2018 12:32 PM

India's gold imports fell 40.31 per cent to USD 2.49 billion in March.

Gold imports shrink 40 per cent to USD 2.49 billion in March

Silver imports grew by 31 per cent to USD 267.33 million in March.

13 Apr 2018 6:47 PM

India’s gold imports in September rose 31 percent from a year ago as jewellers increased their purchases ahead of a festival at the end of the month.

India's September gold imports jump 31 percent amidst festivities

Much of the gain last month was simply due to the Indian holiday of Dussehra being celebrated on September 30.

10 Oct 2017 5:10 PM

It is estimated India imports some 800 tonnes of gold eevry year. (Photo: File)

600 kg gold imported from Indonesia in only 2 months; govt mulls curbs

Govt has already imposed restrictions on imports of gold from South Korea due to huge jump in imports.

18 Sep 2017 5:09 PM

India imports around 800 tonne gold every year. (Photo: File)

Govt makes licence from DGFT must for gold import from S Korea

Step taken to check spurt in inbound shipments of precious metals from that country.

26 Aug 2017 5:16 PM

At present, there is a 10 per cent import duty on gold. (Photo: PTI)

Gold imports jump over 2-fold to $13.35 billion in April-July

Gold imports, which has bearing on CAD, stood at USD 4.97 billion in April-July 2016-17.

15 Aug 2017 11:26 AM

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Shobhaa De

gold imports