Gold Imports

Exports contract for fifth straight month, drop 1.8% to $27.4 bn in December; trade deficit narrows

The country's exports contracted for the fifth month in a row by 1.8 percent in December 2019 to $27.36 billion, according to data released by the commerce ministry on Wednesday

Gold imports plunge 12% to hit three-year low in 2019, record high prices dent demand; trade deficit narrows

In August last year, the domestic spot gold prices surged to a life-time high of Rs 40,220 per 10 grams due to worries over a possible global recession and uncertainty over the US-China trade talks.

Gold imports dip 7% in April-November to $20.57 bn; trade deficit narrows to $106.84 bn

India's gold imports, which have a bearing on the current account deficit (CAD), fell about 7 percent to $20.57 billion during April-November period of the ongoing financial year, according to the commerce ministry data

Exports contract marginally to $26 bn in November; trade deficit narrows to $12 bn

India's exports contracted marginally by 0.34 percent in November to $25.98 billion, while imports slowed to $38.11 billion, bringing down the trade deficit to $12.12 billion

Exports decline 1.1% in October, imports contract 16.3%; trade deficit narrows to $11 bn

The country's exports dipped by 1.11 percent to $26.38 billion in October on account of contraction in sectors like petroleum and leather

India gold demand to hit three-year low at 700 tonnes in 2019 as prices surge to record high: WGC

India’s gold demand is expected to fall to its lowest level in three years in 2019, the World Gold Council (WGC) said on Tuesday, as domestic prices climb to a record against a backdrop of falling earnings in rural areas, a key source of custom for the precious metal

India's gold demand falls 32% to 123.9 tonnes in Q3 on high prices, economic slowdown: WGC

India's gold demand slumped 32 percent to 123.9 tonnes in the September quarter as higher prices and economic slowdown reduced the appetite for the yellow metal, according to a report

Exports dip 6.57% in September, imports contract 13.58%; trade deficit narrows to $10.86 bn

India's exports contracted by 6.57 percent to $26 billion in September mainly due to significant dip in shipments from key sectors such as petroleum, engineering, leather, chemicals, and gems & jewellery

India's gold demand ticks up ahead of festival season, high prices dampen consumer interest in other Asian hubs

In top gold buyer China, bullion was sold at a premium of $9-$10 an ounce over the benchmark, unchanged from last week.

India's August gold imports plunge 73% to hit three-year low on record high prices, hike in duty

India’s gold imports in August plunged 73 percent from a year ago to the lowest level in three years as a rally in local prices to a record high and a hike in import duty curtailed retail purchases of the precious metal