SME Times is powered by   
Search News
Just in:   • FM's marathon meeting sessions with US businesses continues in NY  • No additional borrowing by Centre to meet GST compensation of states in FY22  • PI Industries refutes Kochi businessman's claim on Rs 1,448.5 Cr shares  • K'taka Minister in UAE makes strong pitch for investment in state  • In the light of the population explosion debate 
Last updated: 25 Jul, 2021  

Gold.9.Thmb.jpg Gold imports surge in Apr-Jun, silver imports fall

   Top Stories
» FM's marathon meeting sessions with US businesses continues in NY
» No additional borrowing by Centre to meet GST compensation of states in FY22
» 'Multiple rates, applications make GST more complicated'
» UP's Purvanchal emerging as hub of vegetable export
» 'Special Working Group on startups and innovation needed'
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.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 18 Oct, 2021
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» Kalam releases handbook for small entrepreneurs(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter