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Gold imports surge in Apr-Jun, silver imports fall
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SME Times News Bureau | 25 Jul, 2021
India registered a manifold raise in import of gold during the first
three months of FY22 on a year-on-year basis, to nearly $7.9 billion.
This
rise in gold imports can be attributed to low imports during the same
period last year owing to the nationwide lockdown and the revived
consumer demand in this financial year.
During the same period last fiscal, gold imports stood at $687.83 million.
As
per data from the Commerce Ministry, import of the yellow metal in July
also registered a nearly 60 per cent rise to $969.87 million.
Silver imports, however, have declined this fiscal.
During
Q1FY22, silver imports stood at $39.39 million, 93.15 per cent lower
than $575.11 million worth of imports in April-June FY21.
In
June, silver worth $11.83 million was imported, against $137.22 worth of
the metal imported during the same month last fiscal.
India, a
major importer of gold, exports gems and jewellery. In April-June, gems
and jewellery worth $9.17 billion was exported, 244.29 per cent higher
on a year-on-year basis.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
₹95.3
|
₹93.6 |
UK Pound
|
₹127.7
|
₹123.7 |
Euro
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₹110.65
|
₹106.9 |
| Japanese
Yen |
₹59.75 |
₹57.9 |
| As on 24 Jun, 2026 |
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