Akshaya Tritiya gets off to a good start after three bad years; gold coins, lightweight jewellery most sought-after items
The dip in the price of gold helped and customers have been thronging jeweller stores across cities in the country
India is one of the largest gold importers in the world, and the imports mainly take care of demand from the jewellery industry.
Exports up 2.44% to $26.67 bn in February on higher shipments in pharma, engineering sectors; trade deficit narrows
Imports declined by 5.4 percent to $36.26 billion in the last month, narrowing the trade deficit to $9.6 billion. The gap between imports and exports was $12.3 billion in February 2018.
Trade deficit narrows to $13.08 bn in December, lowest in 10 months on fall in gold imports; flat exports a concern
Annual goods exports have remained flat around $300 billion, compared to $314.4 billion in 2013/14, since Narendra Modi took charge in May 2014
Exports up marginally to $28 bn in December on slump in engineering, gems and jewellery sector growth; gold imports decline
The country's exports grew marginally by 0.34 percent to $27.93 billion in December 2018 on account of negative growth in sectors such as engineering and gems & jewellery, according to a commerce ministry data
The deficit widened despite a steep decline of 15.6 percent in gold imports at $2.75 billion during the month under review.
Current account deficit may widen to 3% in September quarter on higher crude prices, gold imports: ICRA
India's current account deficit is likely to rise to 3 percent of GDP in the July-September quarter of current fiscal, from 2.4 percent in the preceding quarter, driven mainly by high crude oil prices, ICRA said
Rupee hits record low as oil prices rise, stocks, bonds weaken; markets in panic over expected RBI rate hike
The partially convertible rupee hit a life low of 73.82 per dollar before recovering to 73.62/63 by 0710 GMT. It had closed at 73.3350 on Wednesday.
In the entire 2017-18 fiscal, duty-paid gold imports were at 577 tonnes, including 350 tonnes of bullion and 227 tonnes of dore
For the first seven months of 2018, India’s gold imports fell 28 percent from a year ago to 406.2 tonnes, data compiled by GFMS showed.
Increase in gold imports pushed the country's trade deficit to $157 billion in the last fiscal, an increase of about 45 percent as compared to the year-ago period.
In the Indian market, gold futures were trading at around 29,800 rupees per 10 grams on Friday, having fallen to the lowest since 19 January, at 29,638 rupees, earlier this week.
Gold imports fell by 25 percent to $8.43 billion in the first quarter of the current fiscal due to sliding prices of the metal in both global and domestic markets
Trade deficit widens to four-month high of $14.62 bn in May as oil imports surge 50%: Commerce ministry data
Commerce Minister Suresh Prabhu said exports in May rose by 20.18 percent to $28.86 billion while imports were up 14.85 percent to $43.48 billion
April exports rise 5.17% to $25.91 bn on healthy performance by engineering, chemicals, pharmaceuticals
Imports too grew by 4.60 percent to $39.63 billion in April on yearly basis, leaving a trade deficit of $13.72 billion
India’s gold imports fell for a fourth straight month in April from a year ago to 57 tonnes on subdued demand after local prices jumped to the highest level in nearly 21 months
Gold loses shine: Demand falls by 12% to 115 tonne in Q1 due to high local price, says World Gold Council
In terms of value, the gold demand fell by 8 percent to Rs 31,800 crore, compared to Rs 34,440 crore in the same period of 2017
India's gold imports fell 40.31 percent to $2.49 billion in March, which is expected to keep a lid on the current account deficit (CAD)
GJEPC chairman demanded that the import duty on gold be brought down to 4-5 percent in the Budget, asserting that the prevailing 10 percent import duty on the yellow metal gives rise to smuggling
Gold imports by (jewellery) export houses have fallen sharply in the last few weeks resulting in moderating demand despite the market at premium levels