Gold import

News

GOLD IMPORT NEWS

Migration of data transmission system led to gold counting error, says govt

January 11, 2025 10:27 pm

The explanation comes a day after the ministry revised the gold import figures for November lower by $5 billion to $9.9 billion from $14.8 billion narrowing the overall goods trade deficit for the month to $33 billion from $38 billion.

Double counting error, Gold import, gold import duty, Gold imports, Indian express business, business news, business articles, current affairs

Double counting error: Official gold import figures for Nov revised down by $5 billion

January 09, 2025 10:07 pm

This follows a likely counting error, which estimated November gold imports at 180 tonnes in volume—about three times the average for the first 10 months.

Gold import, gold import duty, Gold imports, Commerce Ministry, Global Trade Research Initiative, Indian express news, current affairs

Government to reexamine ‘unusual’ gold import surge amid indications of double-counting

December 19, 2024 10:26 am

DGCIS initiates “detailed examination” of gold import data, Reconciliation to be done with CBIC data

Demand surge helps gold import jump to $6.3 billion in April

May 17, 2021 1:14 am

The rise in gold imports pushed the country’s trade deficit to $15.1 billion in April 2021 as against $6.76 billion in the same month a year ago.

Gold, Gold hallmark, Hallmark, Gold jewellery, Gold jewellery hallmark, Business news, Indian Express

Gold imports dip 9 per cent during April-October

November 25, 2019 1:52 pm

Gold imports had been recording a negative growth since July this year. However, it grew by about 5 per cent to USD 1.84 billion in October.

‘Phenomenal’ rise in India’s gold imports a concern: Trade secy

December 16, 2014 4:24 pm

A ‘phenomenal’ rise in India’s gold imports is a concern and the government will watch the impact...

Gold imports up 6-fold, trade deficit hits 18-month high

December 16, 2014 2:15 am

Exports grew by 7.27 per cent to $25.96 billion after shrinking by a little over 5 per cent in October.

Removal of import curbs to improve official supplies: World Gold Council

November 29, 2014 10:27 pm

With the easing of gold import restrictions, the metal’s supply through official channels will improve

Removal of import curbs to improve official supplies: WGC

November 29, 2014 3:07 pm

The govt scrapped a scheme under which it was mandatory for importers to export 20 pct of the gold they imported.

Govt to take ‘imminent steps’ to curb surging gold imports as trade deficit fears rise

November 18, 2014 4:12 pm

India is likely to announce measures to curb gold imports as early as Tuesday...

Trump says he’ll talk to PM Modi, talks on trade barriers with India continue

World2 hr ago

Trump announces ongoing trade negotiations with India and expresses optimism for a successful deal in the upcoming weeks. This comes after his recent criticism of the Indian economy and his administration's imposition of tariffs on Indian goods. Trump also mentions his good relationship with Prime Minister Modi and highlights the high trade deficit between the two countries.

View all shorts