Page 2 - Gold Imports

Top headlines: CAD likely to narrow in 2023, misuse of IBC, and more

Business Standard brings you the top headlines at this hour

Gems and jewellery exporters feel the heat of govt curbs on gold imports

Amid rising risks to external demand, the government is concerned about widening trade deficit, bringing the focus back on curbing non-essential imports

India's Dec gold imports plunge 79%; fall by over a third in 2022: Report

The drop in imports could help in bringing down India's trade deficit and support the rupee

Find gold import and smuggling link, says FM Nirmala Sitharaman

The remarks came against the backdrop of a substantial quantity of gold seized between April last year and March this year

Despite price fall, domestic gold trading at a discount to imports

In Mumbai, the yellow metal is going at a discount of $7-10 per ounce while in Ahmedabad it is $7

Gold imports up 6.4% to $13 billion in April-July this fiscal year

The imports stood at USD 12 billion during the same period a year ago

Coal is the new pain point as India grapples with a massive import bill

Quite low in the pecking order of inbound consignments at one point, the fossil fuel today accounts for a third of the value of crude entering the country

Gold imports surge multifold ahead of key festivals, wedding season

In value terms, May imports surged to $5.83 billion from $678 million a year ago

RBI issues norms for gold import by qualified jewellers through IIBX

The RBI on Wednesday came up with norms for facilitating physical import of gold through India International Bullion Exchange IFSC (IIBX) or similar authorised exchange by Qualified Jewellers

India imports 651.24 tonnes of gold in financial year 2020-21, says govt

The import of toys, games, sports equipment from China is showing a declining trend

Gold imports surge 73% to $45 bn in April-Feb this fiscal on higher demand

India's gold imports, which have a bearing on the country's current account deficit (CAD), surged by about 73 per cent to $45.1 billion during April-February this fiscal on account of higher demand

Bumper wedding season may help push Indian gold imports to 6-year high

A recovery in consumer confidence and a retreat in gold prices from last year's peak are likely to further bolster demand

Wedding rush sets record, sends India's gold imports surging to 6-year high

About 2.5 million ceremonies are estimated to have taken place since mid-November, around a quarter of this year's expected annual total.

Indian economy will survive headwinds from a taper by US Fed, says FinMin

The Centre's fiscal deficit touched just 35 per cent of the Budget Estimates in the first six months of 2021-22

We expect gold imports to rise further in coming months: GJEPC

The imports, it said, picked up in August which recorded the second-highest gold imports of 118.08 tonnes

Gold imports jump multi-fold to $24 billion in Apr-Sep due: Commerce min

Gold imports, which have a bearing on the current account deficit, zoomed to about USD 24 billion during April-September 2021 due to higher demand in the country,

India's trade deficit surges 675% on high imports; exports up 21%

The trade deficit in September was at $22.94 billion as gold imports jumped nearly 750 per cent to $5.11 billion

Gold imports nearly double in August as prices dip ahead of festivals

Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices , which have corrected nearly 12% from an all-time high of $2,072 in August 2020

China's net gold imports via Hong Kong rebound in June, jumps nearly 42%

Net gold imports via Hong Kong to China, the world's top consumer of the metal, stood at 30.887 tonnes in June compared with 21.781 tonnes in May, the data showed.

Gold imports jump multi-fold to $7.9 bn in April-June quarter

Gold imports, which have a bearing on country's current account deficit, jumped multi-fold to $7.9 bn during the April-June 2021 quarter due to low base effect in the wake of Covid, data shows