New Delhi : Gold imports stood at USD 4.92 billion in October 2024.Cumulatively, imports during April-October this fiscal year rose 21.44 per cent to USD 41.23 billion from USD 34 billion a year ago.

High gold imports have pushed the country's trade deficit (difference between imports and exports) to a record high of USD 41.68 billion in October.Prices of the yellow metal are hovering around Rs 1.29 lakh per 10 grams in the national capital.Commenting on the data, Commerce Secretary Rajesh Agrawal said the increase in imports could be attributed to festival demand. Read Also India's Merchandise Exports To The US Decline 8.58% To $6.3 Billion Due To The Hefty 50% Tariffs,...

Switzerland is the largest source of gold imports, with about 40 per cent share, followed by the UAE (over 16 p

See Full Page