Gold Imports News
Exports plunge 34.6% in March to $21.4 bn, steepest fall since FY09; imports down 28.7%
India's exports plunged by a record 34.57 per cent in March due to a steep decline in shipments of leather, gems and jewellery and petroleum products, dragging the total exports in 2019-20 down to $314.31 billion, official data showed on Wednesday
Govt to come out with sovereign gold bonds starting 20 April at 2.5% interest: All you need to know about scheme
India will issue sovereign gold bonds from April onward offering an annual interest rate of 2.50 percent to domestic investors
Gold prices ease from 4-week high as dollar, equities strengthen on signs of coronavirus slowdown
India’s gold imports plunged more than 73 percent year-on-year in March to their lowest in 6-1/2 years as record domestic prices and a lockdown to curb the outbreak squeezed retail demand
Gold imports dip 8.86% to $27 bn during Apr-Feb 2020; current account deficit narrows to $143 bn
Gold imports, which have a bearing on the country's current account deficit (CAD), fell 8.86 percent to $27 billion (about Rs 1.90 lakh crore) during April-February period of the current financial year, according to commerce ministry data
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
Export growth turns positive at $26.33 bn in July, up 2.25%; trade deficit narrows to four-month low of $13.4 bn
Exports sectors that showed positive growth in the last month included chemical, iron ore, electronics, marine products and pharmaceuticals.
Exports rise 2.25% to $26.3 bn in July, imports down 10.4%; trade deficit narrows to $13.4 bn
India's exports grew by 2.25 percent to $26.33 billion in July, government data showed on Wednesday
Gold imports up 35.5% to Rs 80,000 cr during April-June quarter; trade deficit rises marginally to $45.96 bn
To mitigate the negative impact of gold imports on trade deficit and CAD, the government increased the import duty on gold to 12.5% from 10% in this year's Budget.
Exports decline 9.71% after a gap of 8 months to $25.01 bn in June; imports also down 9% to $40.29 bn
India's exports have entered negative zone after a gap of eight months recording a decline of 9.71 percent to $25.01 billion in June, according to the government data
Gold Rate After Budget 2019: Proposed import duty hike to make yellow metal, jewellery expensive in domestic market
The country's gold imports dipped about 3 percent in value terms to $32.8 billion during 2018-19. Dip in the imports expected to keep a lid on the current account deficit.
Exports growth slides to 4-month low in April; trade deficit at 5-month high of $15.33 bn
India's export growth slid to a four-month low of 0.64 percent in April as shipments of engineering goods, gems and jewellery, leather and other products declined, widening the trade deficit to a five-month high, official data released on Wednesday showed