Indians bought so much gold and silver, it skewed India's trade math

India's gold and silver imports surged in October, tripling and increasing sixfold respectively, driven by festive demand and industrial needs. The surge in precious metal imports widened India's trade deficit to $41.7 billion in October, despite steady export performance. India is nearing the final phase of FTA negotiations with New Zealand and progressing in trade talks with ASEAN and the US.