Gold Import Surge: Even though there has been a decline in exports from India due to American tariffs, there is no laxity in imports. According to data released by the Commerce Ministry on Monday, imports increased by 16.63 percent to reach $76.06 billion in October. The contribution of gold and silver in this cannot be underestimated.

Demand increased in festive season

Due to strong demand during the festive season and wedding season, India’s gold import in October increased almost three times to a record $14.72 billion, whereas gold worth $4.92 billion was imported in October last year. During this period, silver worth $2.71 billion was imported from other countries, which is 528.71 percent more than a year ago.

Overall, gold worth $41.23 billion was imported between April-October, which is 21.44 percent more than last year’s $34 billion. This surge also took India’s trade deficit to an all-time high level of $41.68 billion in October.

From which countries does India buy gold?

Commerce Secretary Rajesh Aggarwal said that due to strong demand during festivals, the import of gold and silver has increased. Switzerland contributes about 40 percent to India’s gold imports, followed by the United Arab Emirates (16 percent) and South Africa (10 percent). In October, India alone imported gold worth $5.08 billion from Switzerland, which is 403.67 percent more. India is the largest buyer of gold after China. The share of gold in the country’s total imports is more than 5 percent.

At the same time, if we talk about exports to America, it has come down to $6.31 billion from last year’s $6.9 billion. However, between April and October, overall exports increased from $47.32 billion last year to $52.12 billion this year, which indicates positive trade.

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Gold Import Dubai: Bringing gold from Dubai now will not be as easy as before because the government has tightened the rules on gold imports. The Government of India has taken a big step and banned the import of gold-silver coming in the form of raw or half and powder.

Now according to the new rule, only agencies or jewelers with permits will be able to import it under the Comprehensive Economic Partnership Agreement (CEPA) between India-UAE. After the decision taken in the budget of FY 2026, the government announced this.

This was mentioned in the budget

Explain that in the budget, the government mentioned the change of HS (Harmonized System) code. The HS code is a number, which shows which ripper is being imported and which goods are being exported. In the budget, the government had said to offer HS code or tariff code for things with gold cords, silver cords or more than 99 percent.

Why was this decision taken?

The government took this decision because some people bring 99 percent pure gold from Dubai and pay less tax by putting a platinum alloy label on it. These people take advantage of low charge under the CEPA agreement between India-UAE. To prevent this, the government introduced a separate HS code for platinum. This will not allow gold to be imported as platinum, while the import of platinum will be banned under any mixture except 99 percent or more pure platinum.

Let us know that under the Indo-UAE CEPA agreement, India is allowed to import UAE with a 200 metric tonnes of gold annually with 1 percent concession. However, it is necessary to be a TRQ (tariff rate quota) license. This helps in keeping tax evasion under transparency in gold imports.

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Gold pris in india: Gold prices are constantly increasing. In the last one week, 24 carat gold has become expensive by 1910 rupees. At the same time, if you talk about 22 carat gold, then its price has increased by Rs 1750 in a week. The price of 10 grams of 24 carat gold in the national capital Delhi is currently Rs 97,730. Today we are going to give you information about the price of 24 carat and 22 carat gold in some big cities of the country-

• The price of 24 carat gold in Delhi is Rs 97,730 per 10 grams. At the same time, the price of 22 carat gold of the same village is Rs 89,600.
• In these three metros of Kolkata, Mumbai and Chennai, 10 grams of gold of 24 carats is Rs 97,580. While the price of 22 carat gold is Rs 89,450.
• The price of 10 grams of 24 carat gold in Hyderabad is Rs 97,580. The price of 22 carat gold here is Rs 89,450. At the same time, the price of 24 carat gold in Ahmedabad is Rs 97,630 per 10 grams and 22 carat gold is priced at Rs 89,500. Similarly, in Bhopal, 24 carat gold is being sold at a price of Rs 97,630 per 10 grams and the price of 22 carat gold of the same village is Rs 89,500.
• In Jaipur, Lucknow and Chandigarh, 24 and 22 carat gold of 10 grams in these three cities is Rs 97,730 and Rs 89,600 respectively.

Silver price

Not only gold, but also the price of silver has seen fluctuations in a week. The price of silver remains at this time at Rs 1 lakh per kg.

Gold imports in the country increased 192 percent

Gold imports in India in March 2025 have increased by 192.13 percent to $ 4.47 billion. In FY 2024-25, the gold total import rose 27.27 percent to $ 58 billion, while in 2023-24 it was $ 45.54 billion.

At the same time, there has been a decline in silver imports in March. This has come down by 85.4 percent to $ 11.93 million in March. Silver imports have come down to $ 4.82 billion in FY 2024-25, with 11.24 % decline.

The largest gold supplier of gold for India was Switzerland, whose share was 40 percent. After this, UAE and South Africa ranks second and third with a share of 16 percent and 10 percent respectively.

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