Page 2 - Gold Imports
RBI issues norms for gold import by qualified jewellers through IIBX
The RBI on Wednesday came up with norms for facilitating physical import of gold through India International Bullion Exchange IFSC (IIBX) or similar authorised exchange by Qualified Jewellers
 "RBI issues norms for gold import by qualified jewellers through IIBX")
India imports 651.24 tonnes of gold in financial year 2020-21, says govt
The import of toys, games, sports equipment from China is showing a declining trend
Gold imports surge 73% to $45 bn in April-Feb this fiscal on higher demand
India's gold imports, which have a bearing on the country's current account deficit (CAD), surged by about 73 per cent to $45.1 billion during April-February this fiscal on account of higher demand
 "Gold imports surge 73% to $45 bn in April-Feb this fiscal on higher demand")
Bumper wedding season may help push Indian gold imports to 6-year high
A recovery in consumer confidence and a retreat in gold prices from last year's peak are likely to further bolster demand
 "Bumper wedding season may help push Indian gold imports to 6-year high")
Wedding rush sets record, sends India's gold imports surging to 6-year high
About 2.5 million ceremonies are estimated to have taken place since mid-November, around a quarter of this year's expected annual total.
 "Wedding rush sets record, sends India's gold imports surging to 6-year high")
Indian economy will survive headwinds from a taper by US Fed, says FinMin
The Centre's fiscal deficit touched just 35 per cent of the Budget Estimates in the first six months of 2021-22
 "Indian economy will survive headwinds from a taper by US Fed, says FinMin")
We expect gold imports to rise further in coming months: GJEPC
The imports, it said, picked up in August which recorded the second-highest gold imports of 118.08 tonnes
 "We expect gold imports to rise further in coming months: GJEPC")
Gold imports jump multi-fold to $24 billion in Apr-Sep due: Commerce min
Gold imports, which have a bearing on the current account deficit, zoomed to about USD 24 billion during April-September 2021 due to higher demand in the country,
 "Gold imports jump multi-fold to $24 billion in Apr-Sep due: Commerce min")
India's trade deficit surges 675% on high imports; exports up 21%
The trade deficit in September was at $22.94 billion as gold imports jumped nearly 750 per cent to $5.11 billion
 "India's trade deficit surges 675% on high imports; exports up 21%")
Gold imports nearly double in August as prices dip ahead of festivals
Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices , which have corrected nearly 12% from an all-time high of $2,072 in August 2020
 "Gold imports nearly double in August as prices dip ahead of festivals")
China's net gold imports via Hong Kong rebound in June, jumps nearly 42%
Net gold imports via Hong Kong to China, the world's top consumer of the metal, stood at 30.887 tonnes in June compared with 21.781 tonnes in May, the data showed.
 "China's net gold imports via Hong Kong rebound in June, jumps nearly 42%")
Gold imports jump multi-fold to $7.9 bn in April-June quarter
Gold imports, which have a bearing on country's current account deficit, jumped multi-fold to $7.9 bn during the April-June 2021 quarter due to low base effect in the wake of Covid, data shows
 "Gold imports jump multi-fold to $7.9 bn in April-June quarter")
India gold imports jump to near two-year high as weddings revive demand
Overseas purchases increased more than sevenfold to 98.6 tons last month from 13 tons a year earlier.
 "India gold imports jump to near two-year high as weddings revive demand")
India's March gold imports surge 471% to a record 160 tonnes: Report
India's gold imports in March surged 471% from a year earlier to a record 160 tonnes, a government source told Reuters on Thursday
 "India's March gold imports surge 471% to a record 160 tonnes: Report")
Gold imports slip 3.3% to $26.11 bn in Apr-Feb, jewellery exports fall 34%
India is the largest importer of gold, which mainly caters to the demand of the jewellery industry
Feb exports dip 0.25% after rising three months due to uncertainties abroad
Exporters also cite container shortage; imports continue to rise due to revival in domestic economy and high commodity prices
 "Feb exports dip 0.25% after rising three months due to uncertainties abroad")
India's gold imports dip after brief rebound as prices curb demand
Inbound shipments fell 38 per cent in September from a year earlier to 8.4 tons, according to a person familiar with the data
 "India's gold imports dip after brief rebound as prices curb demand")
August exports shrink 12.6%, trade deficit hits 4-month high of $6.77 bn
Import contraction restricted to 26 per cent in August due to surge in gold purchases from abroad
 "August exports shrink 12.6%, trade deficit hits 4-month high of $6.77 bn")
Gold imports dip 81% in April-July to $2.47 bn, silver imports down 56.5%
Imports of the yellow metal stood at $13.16 billion (about Rs 91,440 crore) in the corresponding period of 2019-20
 "Gold imports dip 81% in April-July to $2.47 bn, silver imports down 56.5%")
Exports fall 10.21% to $23.64 bn in July, trade deficit narrows to $4.83 bn
Oil imports declined by 31.97 per cent to $6.53 billion in the month under review. Gold imports grew by 4.17 per cent to $1.8 billion
 "Exports fall 10.21% to $23.64 bn in July, trade deficit narrows to $4.83 bn")
