India’s gold imports see 29% hike to $69 billion, says Commerce ministry| India Information
The nation’s gold imports rose 28.73 per cent to USD 69 billion throughout April-February 2025-26 on account of excessive costs of the dear metallic, in response to the Commerce Ministry knowledge.
Gold imports stood at USD 53.52 billion in April-February 2024-25.
The rise in gold imports pushed the nation’s commerce deficit (distinction between imports and exports) to USD 310.60 billion in the course of the 11-months of the final fiscal as in comparison with USD 261.80 billion throughout April-February 2024-25, the info confirmed.
Costs of the yellow metallic are hovering at round ₹1,51,500 per 10 grams (inclusive of all taxes) within the nationwide capital.
Switzerland is the most important supply of gold imports, with about 40 per cent share, adopted by the UAE (over 16 per cent) and South Africa (about 10 per cent).
The dear metallic accounts for over 5 per cent of the nation’s complete imports.
The nation’s complete imports from Switzerland have been up 11.57 per cent to USD 23.5 billion throughout April-February 2025-26. In February, gold imports from that nation surged 719.30 per cent year-on-year to USD 2.71 billion.
India is the world’s second-biggest gold client after China. The imports primarily maintain the demand by the jewelry business. The imports have implications for India’s present account deficit (CAD).
CAD inched as much as USD 13.2 billion, or 1.3 per cent of GDP, within the December quarter from USD 11.3 billion (1.1 per cent of GDP) within the year-ago interval, primarily attributable to a better commerce deficit, in response to RBI knowledge.
Nonetheless, the present account deficit moderated to USD 30.1 billion (1 per cent of GDP) in April-December 2025, from USD 36.6 billion (1.3 per cent of GDP) in the identical interval a 12 months in the past.
A CAD happens when the worth of products and providers imported and different funds exceeds the worth of export of products and providers and different receipts by a rustic in a specific interval.
Silver imports in the course of the 11-month interval jumped 142.87 per cent to USD 11.43 billion. Silver has industrial purposes. It’s utilized in sectors like electronics, auto and pharma.
To discourage imports, the federal government final week imposed import curbs on all types of articles of gold, silver and platinum.
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