By Admin 
Gold Import: A few days ago, when the public was hit by inflation, the government had increased the import duty on the import of gold. This was done so that the country’s foreign exchange reserves do not become empty until the country’s economy improves. The government had done this to stop unnecessary imports, now it seems that this move of the government has been successful. Because the import of gold in the country has actually reduced.
Gold imports decreased
The effect of increasing import duty on gold is now clearly visible. This information has come out from the government. According to NDTV Profit, a government official has said that after the increase in duty, the import of gold in the country has reduced by about 70% to only 25-30 tonnes. Earlier, 75-100 tonnes of gold was imported every month. The government had increased the import duty on gold and silver import from 6% to 15% from May 13, after which the purchase of gold from abroad has decreased.
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Import increased according to price
However, if we look at the rising prices of gold, India’s gold import in May increased by 34% on an annual basis to 3.41 billion dollars, the reason behind this was the increased gold prices. So during April-May 2026-27, gold import increased by 60.14% to US $ 9.04 billion. Talking about the last financial year, in the year 2025-26, India had imported gold worth $71.98 billion. However, if we talk about the quantity of gold, the import had decreased by 4.76% to 721.03 tonnes.
Let us tell you that due to the war between Iran and US, inflation was increasing across the country. In view of this, PM Narendra Modi had appealed to the people to buy gold in small quantities for about a year or not to buy it if it is not necessary. Only after this the import duty of gold was increased. Due to this appeal of PM, people also got scared that the prices of gold would probably touch the sky. Although this did not happen, there was not much difference in the prices of gold during the entire period of inflation.
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