India’s Gold Imports Surge 81% in April Despite Price Rise

Описание: India has witnessed a sharp rise in precious metal imports, according to data released by the Ministry of Commerce. Despite a significant increase in gold prices, imports surged by 81.69% in April, reaching $5.62 billion.

For the financial year 2025–26, total gold imports increased by 24% to a record $71.98 billion. However, in terms of volume, imports slightly declined by 4.76%, totaling 721.03 tonnes.

Silver imports also saw a massive jump of 157.16%, reaching $411 million in April. On April 13, the government raised import duties on precious metals from 6% to 15%, which is expected to impact future import trends.

India remains the world’s second-largest consumer of gold after China, highlighting strong domestic demand despite global price fluctuations.

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