Gold Imports To Slide In India This Fiscal

Govt slashes Nov gold import data by $5 billion in commodity …

Trade data released on December 16 showed that India's trade deficit had reached a record high in November due to a surge in merchandise imports, driven largely by a spike in …

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India flags spike in gold, electronics imports; steps up …

Petroleum and related products topped the list of India's imports in March, rising 3.9% year-on-year. Electronics followed with a sharp 12.37% jump, while gold imports surged 27.38%, securing the third spot.

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India to reassess gold import data amid calculation errors, double

Shah said India's gold imports do not appear headed toward 1,000 tonnes. Imports of petroleum, crude and products rose 7.88% in November to $16.11 billion, while in the first …

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EXPLAINED | Gold Import Ban: Centre Imposes Restrictions on Import …

Gold Import Ban: The Central Government on Wednesday imposed restrictions on the imports of certain gold jewellery and articles. The Directorate General of Foreign Trade …

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Gold Imports Slip 3.3%, Jewellery Exports Slide 34% In Apr-Feb …

India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. In volume terms, the country imports 800-900 tonnes of gold annually. The fall in gold imports is …

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Gold import revision trims India's record Nov trade deficit by $5

India's trade deficit for November was revised downward to $32.8 billion, with gold imports adjusted to $9.8 billion. This revision followed a reporting error and reflects a shift in …

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Gold imports jump 40.79% to $2.68 bn in Jan on increase in …

Cumulatively, imports during April-January this fiscal year rose 32 per cent to $50 billion against $37.85 billion in the same period last fiscal year. ... India's gold imports, which …

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Gold Import Numbers Under Scrutiny: Commerce Ministry

India's gold imports, which have a bearing on the country's current account deficit (CAD), surged 30 per cent to USD 45.54 billion in 2023-24. Major Gold Exporting Countries to …

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Customs duty cut not a spoiler for sovereign gold bond investors

MUMBAI: In a surprise move, Finance Minister Nirmala Sitharaman slashed the import duty on gold from 15% to 6% in the Budget. On the face of it, the move elated gold …

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Gold Import Policies in India: What You Need to Know

Conclusion: Navigating India's Gold Import Landscape. India's gold import policies in India balance cultural love for gold with economic needs. The 2022 duty cut from 12.5% to …

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Gold imports surge 26.7% to $35.95 billion in Apr-Dec

Despite the increase in gold imports, the country's trade deficit (difference between imports and exports) narrowed to USD 188.02 billion in the first three-quarters of this fiscal …

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Gold Imports Surge in India Amid Soaring Demand | Business

India's gold imports witnessed a significant leap in January, growing by 40.79% to hit USD 2.68 billion, largely driven by a burgeoning domestic demand, as outlined by …

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Gold imports slide 51 per cent to $2.7 billion in April-May

India's CAD narrowed to 1.3% of GDP in the third quarter of 2015-16 as against 1.5% in the previous year, mainly on account of a lower trade deficit.

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India Fixing Record Trade Gap After Overstating Gold Imports

India's government is still finalizing revisions to gold import figures and trade data after discovering discrepancies in their calculation last month, according to people familiar with …

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Bullion trade: India gold market series | World Gold Council

Doré imports have become an increasingly important part of the gold import landscape in India. ... 3 Fiscal year (FY) is from April to March. 4 Total import duty on bullion …

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Import value of gold in India FY 2011-2024

India imported more than 3.7 trillion Indian rupees worth of gold in fiscal year 2024. ... and accounting for over nine percent of global gold imports. In terms of output, India produced about 780 ...

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

NEW DELHI ; The country's gold imports in November reached a record high of USD 14.86 billion, registering a four-fold increase, mainly on account of festival and wedding demands, according to Commerce Ministry …

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Foreign trade of India 2024: Exports, imports, and …

Gold's cultural importance in India is deeply rooted, with gold jewellery being integral to weddings and festivals. In April 2024 alone, gold imports were valued at Rs 25,978 crore, marking a ...

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Gold imports surge to $45 billion in April-February this fiscal

India's gold imports, which have a bearing on the country's current account deficit (CAD), surged by about 73 per cent to $45.1 billion during April-February this fiscal on account …

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India's gold market update: Gains hold despite demand pressure

Notwithstanding the surge in prices to unprecedented levels, gold imports in April remained modest but resilient. Imports stood at US$3.1bn – nearly a third lower than March …

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India's Gold Imports Dip 4.23% To USD 12.64 Billion In Apr-July

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

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Record Gold Imports Impact India's Trade Deficit | IASPOINT

Critically analyse the impact of gold imports on India's trade deficit and currency value. Gold imports surged to $14.9 billion in November 2024, representing 21.2% of total …

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India's gold imports up 331% to record high of $14.86 billion in Nov

Cumulatively, imports during April-November this fiscal year rose 49 per cent to $49 billion as against $32.93 billion in the same period last fiscal year. According to the …

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Gold Rush! Is the jewellery market set to shine bright this fiscal …

ICRA projects 14-18% growth in India's gold jewellery consumption (value terms) for FY2025, driven by festive demand, weddings, and rural prosperity. Organised jewellers are …

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

Despite the dip in gold imports, the country's trade deficit (difference between imports and exports) widened to USD 23.5 billion in July and USD 85.58 billion during the first …

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India's gold and silver imports revised higher, pushing …

The government has revised India's gold and silver import data for 2024, increasing gold imports by 12% (87.72 tonnes) and silver imports by 10% (692.77 tonnes), according to an...

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

The surge in gold imports during the 11-month period contributed to the widening of the trade deficit to USD 176 billion, against USD 89 billion in April-February 2021. India is …

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

Gold imports surge to $45 billion in April-Feb this fiscal : Rashtra News #Gold #imports #surge #billion #AprilFeb #fiscal India's gold imports, which have a bearing on the …

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Gold Imports Surge Over 40% To USD 2.68 Bn In Jan

India's gold imports, impacting the country's current account deficit (CAD), increased by 30 per cent to USD 45.54 billion in 2023-24.

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India's gold imports jump 21.78 pc to USD 27 bn in Apr-Sep

In 2023-24, India's gold imports surged 30 per cent to USD 45.54 billion. Switzerland is the largest exporter of gold, with about 40 per cent share, followed by the UAE (over 16 per cent) and ...

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Gold: Exports lose steam, deficit widens despite low imports

Shipments rose at the slowest pace in 6 months in Dec while imports fell 15.25 per cent. Benchmarks . Nifty 22,552.50 7.8. Precious Metal . Gold (MCX) (Rs/10g.) 85,850.00 …

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India's gold imports surge to record $10 billion in August

India's gold imports have reached a new high of $10.06 billion in August, more than doubling the previous year's figure of $4.93 billion, ... In the fiscal year 2023-24, there …

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Surge in gold imports pushes India's Nov trade deficit …

Nov merchandise exports fall 4.9% y/y vs 17.23% growth in Oct; Nov merchandise imports rise 27% y/y vs 3.88% in Oct; Gold imports in November touch record high of $14.8 bln

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India's trade deficit widens to record high as imports …

We expect current account deficit to be at around 1.3-1.5% of GDP at the end of this fiscal, against the earlier estimate of about 1% of GDP. ... India's gold imports reached a record high of $14. ...

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Gold buy dips in December, but overall import jump widens trade …

India's gold imports in December 2024 plummeted by half to $4.7 billion, compared month-on-month to November's sharply lowered import figure of $9.8 billion (after last week's …

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India Gold Imports: Gold imports dip 24% to $35 billion in 2022-23

Silver imports, however, rose 6.12 per cent to USD 5.29 billion during the last fiscal. The significant fall in gold imports though has not helped in narrowing the country's trade …

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Reduce gold import duty to curb smuggling, says Malabar Gold …

New Delhi [India], January 23 (ANI/Mediawire): The organized gold jewellery retailers are urging the finance minister to cut gold import duty in the Union Budget 2023-24 as …

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Gold Imports Surge to Record High in November

India's gold imports skyrocketed to USD 14.86 billion in November, driven by festival and wedding demand, and concerns about the impact on the trade deficit and current …

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