Gold imports

India's gold imports may fall 25% in December quarter

India's gold imports may fall 25% in December quarter

In the first nine months of 2017, the country`s gold imports surged 131 percent to 638.4 tonnes, according to GFMS data, as jewellers advanced buying in the first half of the year ahead of a sales tax hike that took effect from July 1.

Nov 08, 2017, 14:24 PM IST
Exports jump 25.67% in Sept; trade deficit narrows to 7-month low

Exports jump 25.67% in Sept; trade deficit narrows to 7-month low

Trade deficit narrowed to 7-month low of USD 8.98 billion in the month under review from USD 9.07 billion in September 2016.

Oct 13, 2017, 18:45 PM IST

India's trade deficit shrinks to $11.45 billion in July

India`s trade deficit narrowed to $11.45 billion in July from a month ago, following a slowdown in merchandise imports, government data showed on Monday.

Aug 14, 2017, 19:09 PM IST

Surge in gold imports from South Korea sets off alarm bells

Gold imports from South Korea, with which India has a free trade agreement since January 2010, has jumped to USD 338.6 million during July 1 and August 3 this year.

Aug 09, 2017, 18:16 PM IST
India's exports up for 6th straight month, post double digit growth in February

India's exports up for 6th straight month, post double digit growth in February

India's exports exhibited a double digit growth of 17.48 percent, valued at USD 24.5 billion in February compared to USD 20.84 billion during the same month last year on increase in shipments of non-petroleum, non gems and jewellery products.

Mar 15, 2017, 19:14 PM IST
Gold imports fall sharply post-demonetisation

Gold imports fall sharply post-demonetisation

The Centre's demonetisation drive is seemed to have a significant impact on the gold demand in the country as imports of the metal dropped sharply in December and January.

Mar 12, 2017, 13:26 PM IST

Govt mobilises 6.4 tonnes gold under monetisation scheme

The government has collected 6.4 tonnes of gold under the scheme for monetising the metal, Parliament was informed on Friday.

Mar 10, 2017, 19:32 PM IST

Icra sees CAD rising to 1.2% next fiscal on rising crude, gold

Ratings agency Icra on Thursday said higher oil and gold imports will end the four-year trend of moderation in the current account deficit (CAD) in 2017-18, and the gap will widen to USD 30 billion or 1.2 percent of the GDP.

Mar 09, 2017, 18:34 PM IST
Gold imports shrink 32% to $17.7 billion in April-December 2016

Gold imports shrink 32% to $17.7 billion in April-December 2016

 Gold imports witnessed a fall of about 32 percent to $17.7 billion in April-December of the current fiscal, which is expected to keep a lid on the current account deficit.

Jan 22, 2017, 14:16 PM IST
Exports up for 3rd straight month in November; imports jump 10%

Exports up for 3rd straight month in November; imports jump 10%

Imports, however, contracted by 8.44 per cent to USD 241.1 billion, leaving a trade deficit of USD 66.17 billion.

Dec 15, 2016, 19:52 PM IST
Demonetisation: Jewellers claim 85-90% dip in domestic business, exports unaffected

Demonetisation: Jewellers claim 85-90% dip in domestic business, exports unaffected

Many jewellers estimate an 85-90 percent dip in business post-demonetisation -- but exports have been unaffected.

Nov 30, 2016, 13:28 PM IST
Commerce Ministry favours 'restriction free' gold imports to discourage smuggling

Commerce Ministry favours 'restriction free' gold imports to discourage smuggling

Commerce and Industry Minister Nirmala Sitharaman has pitched for 'restriction free' imports of gold to help gems and jewellery exports and also discourage smuggling.

Nov 27, 2016, 13:32 PM IST
Gold premiums rise to 2-year high on fears of import curb

Gold premiums rise to 2-year high on fears of import curb

Gold premiums in India jumped to two-year highs this week as jewellers ramped up purchases on fears that the government might put curbs on imports after withdrawing higher-denomination notes from circulation in its fight against black money.

Nov 18, 2016, 14:43 PM IST
India's current account deficit to stay at $10.1 billion in FY17: Citigroup

India's current account deficit to stay at $10.1 billion in FY17: Citigroup

India's current account deficit is expected to stay comfortable at USD 10.1 billion in this financial year, largely on account of likely demand moderation post the demonetisation move, says a Citigroup report.

Nov 17, 2016, 16:36 PM IST
Gold import dips 55% to $7.88 billion in H1 of 2016-17

Gold import dips 55% to $7.88 billion in H1 of 2016-17

Gold imports dipped by about 55 percent to USD 7.88 billion during the first half of 2016-17, which is expected to keep a lid on the current account deficit.

Nov 04, 2016, 21:23 PM IST
Sixth tranche of Sovereign Gold Bonds scheme to launch on October 24

Sixth tranche of Sovereign Gold Bonds scheme to launch on October 24

The government will launch the sixth tranche of Sovereign Gold Bonds (SGB) scheme on October 24, in which people can buy securities worth up to 500 grams.

Oct 21, 2016, 13:02 PM IST
Gold imports fall to $1.8 billion in September

Gold imports fall to $1.8 billion in September

Gold imports fell 10.3 percent to USD 1.80 billion in September due to sliding prices of the metal in both global and domestic markets.

Oct 14, 2016, 21:42 PM IST

Forex reserves move up by $1.166 billion to $370.766 billion

India's foreign exchange reserves increased by USD 1.166 billion to reach USD 370.766 billion for the week to September 23 on account of rise in foreign currency assets, as per RBI data.

Sep 30, 2016, 19:33 PM IST
Gold imports dip 77% to $1.11 billion in August

Gold imports dip 77% to $1.11 billion in August

Gold imports fell by 77.45 percent to USD 1.11 billion in August due to sliding prices of the metal in both global and domestic markets.

Sep 15, 2016, 19:18 PM IST
India's exports fall for 2nd straight month, trade deficit down 38% at $7.67 billion

India's exports fall for 2nd straight month, trade deficit down 38% at $7.67 billion

India's exports declined for the second consecutive month in August by 0.3 percent to USD 21.51 billion due to dip in shipments of products like petroleum and leather.

Sep 15, 2016, 18:27 PM IST