Rising Gold Imports

Gold imports into India have witnessed a sharp rise during the first 11 months of the financial year 2025–26 (April–February). According to data from the Ministry of Commerce and Industry, gold imports increased by 28.73% to reach 69 billion dollars (₹6.49 lakh crore), compared to 53.53 billion dollars (₹5.03 lakh crore) during the same period in the previous financial year. The surge is attributed to rising gold prices in both international and domestic markets.

The increase in gold imports has also contributed to a widening trade deficit, which has reached 310.60 billion dollars (₹29.20 lakh crore). Currently, the price of 10 grams of gold in the national capital stands at ₹1,51,500. Among the major suppliers, Switzerland accounts for 40% of India’s gold imports, followed by the UAE at 16% and South Africa at 10%. Gold constitutes about 5% of India’s total imports.