Gold Imports
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India Sits On 32,000 Tonnes of Gold. Why PM Modi Wants It Back In Play
Last month, Prime Minister Narendra Modi urged citizens to recycle idle gold instead of relying solely on newly imported gold.
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Why India Is Tightening Gold And Silver Imports As Middle East Crisis Deepens
Government data shows that India's dependence on imported gold and silver has been rising steadily over the years, adding to trade deficit and forex depletion concerns.
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India Tightens Gold Inflows, Caps Duty-Free Imports At 100 Kg
The government has tightened the conditions for issuing and monitoring advance authorisation for the import of gold. Earlier, there was no limit on gold imports under the scheme.
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Gold Import Duty Raised To 15%: Why The Hike Triggers Smuggling Concerns
Airports accounted for 43.7 per cent of gold smuggling cases in FY25, while more than 55 per cent of smuggling was routed through land borders.
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Explained: Why India Raised Gold Import Duty, And What It Means For You
India's forex reserves have slipped amid the Iran war. By raising gold import duty, India is taking pre-emptive steps to save its forex reserves.
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Centre Raises Gold, Silver Import Tariffs To 15% Amid PM's Forex Warning
The government has imposed a 10% basic customs duty and a 5% Agriculture Infrastructure and Development Cess (AIDC) on gold and silver imports, taking the effective import tax to 15% from 6%.
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$72 Billion: The Forex Logic Behind PM Modi's Appeal To Avoid Buying Gold
PM Modi's Appeal To Save Forex: Not buying gold for a year can directly reduce India's dollar outflow by tens of billions.
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Gold Hits Lifetime High, Silver Soars 6% To Record Rs 2.65 Lakh Per kg
Silver prices rallied sharply by Rs 15,000 to hit a lifetime high of Rs 2,65,000 per kg in the national capital on Monday, and gold advanced to a fresh record of Rs 1,44,600 per 10 grams, mirroring strong gains in the global markets.
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Centre Forms Panel For Consistent Data Publication Amid Gold Import Data Error
The government on Thursday formed a committee, comprising officials from commerce and finance ministries, to create a robust mechanism for publishing consistent and accurate data following errors in gold import figures.
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In Union Budget 2024, Good News For Those Looking To Buy Gold
Finance Minister Nirmala Sitharaman today announced a reduction in import duties on gold to 6% from 15%, a move spelling good news for those looking to buy the yellow metal. The customs duty on silver has also been slashed.
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PM's Adviser On How India Could Have Become $5 Trillion Economy Long Ago
India could have achieved Prime Minister Narendra Modi's dream of a $5 trillion GDP target "long before" if not for the habit of importing gold, a member of his economic advisory team said on Monday.
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Gold-Suppliers Cut Back Shipments To India, Focus On China, Turkey: Report
Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey, and other markets where better premiums are offered, three bank officials and two vault operators told Reuters.
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August Gold Imports Almost Triple After GST Implementation
Higher purchases by India could support global prices, trading near their highest level in a year.
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Gold Consignments From S Korea To Face Strict Customs Scrutiny
The government is worried over sudden surge in imports of the precious metal from South Korea, with which India has a free trade agreement (FTA) since January 2010.
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Gold Imports Seen Rebounding In 2017 On Restocking, Good Monsoon
Higher imports by the world's second biggest consumer will support global prices, which are trading near their highest level in two months, but could widen the country's trade deficit.
-
India Sits On 32,000 Tonnes of Gold. Why PM Modi Wants It Back In Play
Last month, Prime Minister Narendra Modi urged citizens to recycle idle gold instead of relying solely on newly imported gold.
-
Why India Is Tightening Gold And Silver Imports As Middle East Crisis Deepens
Government data shows that India's dependence on imported gold and silver has been rising steadily over the years, adding to trade deficit and forex depletion concerns.
-
India Tightens Gold Inflows, Caps Duty-Free Imports At 100 Kg
The government has tightened the conditions for issuing and monitoring advance authorisation for the import of gold. Earlier, there was no limit on gold imports under the scheme.
-
Gold Import Duty Raised To 15%: Why The Hike Triggers Smuggling Concerns
Airports accounted for 43.7 per cent of gold smuggling cases in FY25, while more than 55 per cent of smuggling was routed through land borders.
-
Explained: Why India Raised Gold Import Duty, And What It Means For You
India's forex reserves have slipped amid the Iran war. By raising gold import duty, India is taking pre-emptive steps to save its forex reserves.
-
Centre Raises Gold, Silver Import Tariffs To 15% Amid PM's Forex Warning
The government has imposed a 10% basic customs duty and a 5% Agriculture Infrastructure and Development Cess (AIDC) on gold and silver imports, taking the effective import tax to 15% from 6%.
-
$72 Billion: The Forex Logic Behind PM Modi's Appeal To Avoid Buying Gold
PM Modi's Appeal To Save Forex: Not buying gold for a year can directly reduce India's dollar outflow by tens of billions.
-
Gold Hits Lifetime High, Silver Soars 6% To Record Rs 2.65 Lakh Per kg
Silver prices rallied sharply by Rs 15,000 to hit a lifetime high of Rs 2,65,000 per kg in the national capital on Monday, and gold advanced to a fresh record of Rs 1,44,600 per 10 grams, mirroring strong gains in the global markets.
-
Centre Forms Panel For Consistent Data Publication Amid Gold Import Data Error
The government on Thursday formed a committee, comprising officials from commerce and finance ministries, to create a robust mechanism for publishing consistent and accurate data following errors in gold import figures.
-
In Union Budget 2024, Good News For Those Looking To Buy Gold
Finance Minister Nirmala Sitharaman today announced a reduction in import duties on gold to 6% from 15%, a move spelling good news for those looking to buy the yellow metal. The customs duty on silver has also been slashed.
-
PM's Adviser On How India Could Have Become $5 Trillion Economy Long Ago
India could have achieved Prime Minister Narendra Modi's dream of a $5 trillion GDP target "long before" if not for the habit of importing gold, a member of his economic advisory team said on Monday.
-
Gold-Suppliers Cut Back Shipments To India, Focus On China, Turkey: Report
Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey, and other markets where better premiums are offered, three bank officials and two vault operators told Reuters.
-
August Gold Imports Almost Triple After GST Implementation
Higher purchases by India could support global prices, trading near their highest level in a year.
-
Gold Consignments From S Korea To Face Strict Customs Scrutiny
The government is worried over sudden surge in imports of the precious metal from South Korea, with which India has a free trade agreement (FTA) since January 2010.
-
Gold Imports Seen Rebounding In 2017 On Restocking, Good Monsoon
Higher imports by the world's second biggest consumer will support global prices, which are trading near their highest level in two months, but could widen the country's trade deficit.
