India’s gold imports declined sharply by about 60 per cent to USD 4 billion in November, after registering nearly a threefold surge in inbound shipments in October, according to data released by the commerce ministry.
Gold imports had stood at USD 9.8 billion in November 2024.
On a cumulative basis, gold imports during April–November of the current financial year increased by 3.3 per cent to USD 45.26 billion, compared with USD 43.8 billion in the corresponding period last year.