Page 4 - Gold Imports

August exports shrink 12.6%, trade deficit hits 4-month high of $6.77 bn

Import contraction restricted to 26 per cent in August due to surge in gold purchases from abroad

Gold imports dip 81% in April-July to $2.47 bn, silver imports down 56.5%

Imports of the yellow metal stood at $13.16 billion (about Rs 91,440 crore) in the corresponding period of 2019-20

Exports fall 10.21% to $23.64 bn in July, trade deficit narrows to $4.83 bn

Oil imports declined by 31.97 per cent to $6.53 billion in the month under review. Gold imports grew by 4.17 per cent to $1.8 billion

Gold prices at new all-time high, entering years-long bull run: Analysts

Investment in precious metal safe based on outlook for India in the next four months

Gold imports fall over 98% at $79.14 mn during Apr-May as Covid-19 bites

Imports of the yellow metal stood at $8.75 billion in the corresponding period of 2019-20.

Top headlines: India to evacuate 15k citizens; gold imports plunge in April

From April gold imports plunging to Israeli research team getting a step closer to developing a Covid-19 vaccine, here are the top headlines of the day

Silver demand and import in India decline, but price outlook bullish

India's demand has been muted especially since import duty was raised to 12.5 per cent last July

Gold imports plunge 9% to $24.64 billion during April-January: Govt data

Imports of the yellow metal stood at $27 billion in the corresponding period of 2018-19.

Gold imports decline 6.77% to $23 bn during Apr-Dec 2019: Govt data

The decline in gold imports has helped in narrowing the country's trade deficit to $118 bn during the period, against $148.23 bn a year ago

India 2019 gold imports hit 3-yr low as record high prices dent demand

Lower buying by the world's second biggest consumer of the precious metal could weigh on global prices that jumped 18% in 2019

Gold price jumps 23% in 2019 on reduced supply, continuous buying by banks

The rupee's weakness against the dollar, however increased cost of imports, pushing consumers from buying gold unless necessary.

Trade deficit narrows to $12.12 bn in 2019 as exports contract marginally

Oil imports during the month under review were USD 11.06 billion, 18.17 per cent lower year on year

Gold refineries suffer after higher import duty slapped on yellow metal

The demand for gold took a major hit in the domestic market after the import duty on the precious metal was raised from 10 per cent to 12.5 per cent, leading to a sharp increase in gold prices

FM says talks on helping economy continue, won't comment on timeline

Sitharaman says govt heard concerns of five sectors; does not seem too convinced on issue of subsidising gold imports

Analysts see gold price hitting Rs 40,000 per 10 g by the end of the year

In Mumbai's physical market, standard gold (995 purity) was trading at Rs 36,850 on Wednesday, nearly Rs 1,000 lower than in the futures market

Duty on gold hiked to curb non-essential imports, says Revenue Secy

He was replying to a question on concerns being raised by certain quarters that the hike in gold import duty to 12.5% from 10% could lead to problems like smuggling

India's June gold imports rise 12.6% YoY as global prices jump: Reports

In India, local prices jumped to a record high in June, moderating demand from retail consumers

Gold imports dip 5% to $26.93 bn in April-Jan period on weak global cues

After recording negative growth for three consecutive months -- October, November and December 2018, the imports grew by 38.16 per cent to $2.31 billion in January this year

Gold loses shine as imports collapsed in 2018 due to high domestic prices

Demand for gold, almost all of which is imported, has been declining in India as a slump in the rupee made the metal more expensive in the price-sensitive market

Gold imports dip 43% to $1.68 bn in Oct on low demand, depreciating rupee

India, the world's second-biggest gold consumer after China, imports about 900 tonnes of gold a year