Gold Imports
Gold imports decline 30% to $31.8 billion in April-February 2023
India's gold imports, which have a bearing on the current account deficit, fell about 30 per cent to USD 31.8 billion during April-February 2023 due to high customs duty and global economic uncertainties, according to data from the commerce ministry. Imports of the yellow metal stood at USD 45.2 billion in the corresponding period of 2021-22. The imports are in the negative zone since August 2022. Silver imports, however, rose by 66 per cent to USD 5.3 billion during April-February 2023. The significant fall in gold imports though has not helped in narrowing the country's trade deficit -- the difference between imports and exports. The merchandise trade deficit for April-February 2022-23 was estimated at USD 247.52 billion against USD 172.53 Billion in the year-ago period. According to industry experts, high import duty on gold and global economic uncertainties are the reason for the dip in the imports of the precious metal. "India imported about 600 tonnes of gold during ...
 "Gold imports decline 30% to $31.8 billion in April-February 2023")
India's January gold imports plunge 76% to 32-month low on subdued demand
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India plans to cut gold import duty to arrest smuggling: Govt officials
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Amid rising risks to external demand, the government is concerned about widening trade deficit, bringing the focus back on curbing non-essential imports
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The drop in imports could help in bringing down India's trade deficit and support the rupee
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Despite price fall, domestic gold trading at a discount to imports
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The imports stood at USD 12 billion during the same period a year ago
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Gold imports surge multifold ahead of key festivals, wedding season
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Gold imports surge 73% to $45 bn in April-Feb this fiscal on higher demand
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 of higher demand
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Indian economy will survive headwinds from a taper by US Fed, says FinMin
The Centre's fiscal deficit touched just 35 per cent of the Budget Estimates in the first six months of 2021-22
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The imports, it said, picked up in August which recorded the second-highest gold imports of 118.08 tonnes
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Gold imports jump multi-fold to $24 billion in Apr-Sep due: Commerce min
Gold imports, which have a bearing on the current account deficit, zoomed to about USD 24 billion during April-September 2021 due to higher demand in the country,
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