India's Gold Imports
Gold imports up 6.4% to $13 billion in April-July due to 'healthy demand'
India's gold imports, which have a bearing on the country's Current Account Deficit (CAD), rose 6.4 per cent to USD 12.9 billion during April-July this fiscal due to healthy demand, according to government data. The imports stood at USD 12 billion during the same period a year ago. In July 2022, however, imports of the precious metal fell sharply by 43.6 per cent to USD 2.4 billion, as per the latest data released by the commerce ministry. Increase in gold and oil imports during the first four months of this fiscal contributed to a record trade deficit of USD 30 billion, against USD 10.63 billion in April-July 2021. India is the world's second-biggest gold consumer after China. The imports mainly take care of the demand by the jewellery industry. The gems and jewellery exports during the first four months of the current fiscal grew by about 7 per cent to USD 13.5 billion. A wider trade gap during 2021-22 expanded the country's current account deficit at 1.2 per cent of GDP agains
 "Gold imports up 6.4% to $13 billion in April-July due to 'healthy demand'")
India's gold imports jump 677% in May to 101 tonnes, shows data
India imported 101 tonnes of gold in May, compared to 13 tonnes a year earlier
India's gold imports surge to $46.14 bn in FY22 on higher demand
The surge in gold imports during the last financial year contributed to the widening of the trade deficit to USD 192.41 billion, against USD 102.62 billion in 2020-21
 "India's gold imports surge to $46.14 bn in FY22 on higher demand")
India's March gold imports surge 471% to a record 160 tonnes: Report
Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices, which have corrected nearly 17% from an all-time high of $2,072 in August 2020
 "India's March gold imports surge 471% to a record 160 tonnes: Report")
Gold imports fall over 98% at $79.14 mn during Apr-May as Covid-19 bites
Imports of the yellow metal stood at $8.75 billion in the corresponding period of 2019-20.
 "Gold imports fall over 98% at $79.14 mn during Apr-May as Covid-19 bites")
India's January gold imports plunge 48% to four-month low: Report
The world's second-biggest buyer of gold imported 36.26 tonnes in January, compared with 69.51 tonnes a year earlier, the source said on condition of anonymity
 "India's January gold imports plunge 48% to four-month low: Report")
Gold imports fell 46% in Oct, 4th straight month of decline, on weak demand
This year sales on Dhanteras, the most auspicious day in the country to buy the metal, slumped even as jewelers lined up offers to draw in buyers.
 "Gold imports fell 46% in Oct, 4th straight month of decline, on weak demand")
Global shocks likely to spike gold prices this year, says GFMS report
The agency sees the geopolitical climate and equity markets as supportive for gold's role as a risk hedge
 "Global shocks likely to spike gold prices this year, says GFMS report")
India's gold imports fall 39% in April on weak demand, says GFMS
Lower gold imports could also help the South Asian country reduce its trade deficit
 "India's gold imports fall 39% in April on weak demand, says GFMS")
After falling three straight months, gold imports surge 37% in December
According to the World Gold Council, Indian consumers probably bought 650-750 tons of the metal last year
 "After falling three straight months, gold imports surge 37% in December")
Gold rush, again
Surge in bullion imports is a matter of concern
Gold import bill may hit five-year high in 2017
Good monsoon, farm loan waiver key to bring more customers to jewellery shops
 "Gold import bill may hit five-year high in 2017")
India's gold imports surge 3-fold to $4.95 bn in May
Silver imports too jumped to $442.9 million in May from $39.54 million in the same month last year
 "India's gold imports surge 3-fold to $4.95 bn in May")
