India’s gold imports rose 73 per cent to $45.1 billion during the April-February period of the current financial year owing to higher demand, according to data released by commerce ministry. The imports had stood at $26.11 billion in April-February period of 2021. Gold imports have a bearing on the country’s current account deficit. In February … Read More →
A nationwide lockdown and closed jewellery shops across India have led to a severe fall in gold demand, leading to near-negligible gold imports in the month of May. The gold imports in the month have fallen by 99 per cent on-year, Reuters reported citing a government source. India, which is the world’s second-largest gold consumer … Read More →
Indian gold imports and premiums could spike after the country’s main jewellery federation reached an agreement with the government over newly imposed taxes following an 18-day strike. Previously, the All India Gems and Jewellery Trade Federation (GJF) had opposed a one-percent tax on gold jewellery sales, arguing that many small-scale jewellers would be adversely affected because … Read More →