Gold Imports

Image for representational purpose only. | Photo Credit: MUSTAFAH K.K. India's gold imports, which have a bearing on the current account deficit, fell about 30% to $31.8 billion during April-February 2023 due to high customs duty and…

Imports surged sharply by over 51% to $63.6 billion. Imports surged sharply by over 51% to $63.6 billion. Merchandise trade deficit hit a fresh high of $25.63 billion in June, as per preliminary trade data, surpassing the previous record…

The Centre on Friday slapped a windfall tax on domestic crude oil producers, imposed export…

New exports of Russian gold will no longer be allowed to enter the UK, US, Canada and Japan after tough new measures agreed at the G7 Summit in Germany on Sunday, designed to exert pressure on Russian President Vladimir Putin over the…

MUMBAI - India's annual gold production could surge to 20 tonnes from a mere 1.6 tonnes if the government removes bureaucratic hurdles and encourages investment in the sector, the World Gold Council (WGC) said in a report published on…

The surge in gold imports during the 11-month period contributed to the widening of the trade deficit to USD 176 billion, against USD 89 billion in April-February 2021. India’s gold imports, which have a bearing on the country’s current…

India has agreed to concessional import duties on gold imports of up to 200 tonnes per year. The domestic jewellery sector will get a huge export boost in the United Arab Emirates (UAE) market as it would get duty-free access there, while…

As India approaches Budget 2022-23, it is a good time to recall that in last year’s Budget, the government had announced a reduction in the basic customs duty on gold from 12.5 per cent to 7.5 per cent. An additional cess of 2.5 per cent…

India's gold imports, which has a bearing on the country's current account deficit (CAD), more than doubled to USD 38 billion during April-December this fiscal on account of higher demand, according to data of the commerce ministry. The…

New Delhi: India's gold imports, which has a bearing on the country's current account deficit (CAD), more than doubled to $38 billion during April-December this fiscal on account of higher demand, according to data of the commerce ministry.…