Commercial According to the ministry’s data, due to high prices of precious metals, the country’s gold import has increased by 28.73 percent to $ 69 billion in the 11 months i.e. April-February 2025-26. In the same period of financial year 2024-25, gold import was $ 53.52 billion. According to the data, this surge in gold imports has increased the country’s trade deficit (the difference between imports and exports) to $310.60 billion. In the same period of the previous financial year, it was 261.80 billion dollars. Switzerland has the highest share in India’s total gold imports with about 40 percent. It is followed by United Arab Emirates (more than 16 percent) and South Africa (about 10 percent).
Gold accounts for more than 5 percent of the country’s total imports.
The share of gold in the country’s total imports is more than 5 percent. Total imports from Switzerland during April-February 2025-26 increased by 11.57 percent to $23.5 billion. In February, gold imports from Switzerland increased by 719.30 percent on an annual basis to reach $2.71 billion. India is the world’s second largest gold consumer after China. These imports are mainly done to meet the demand of the jewelery industry. The increasing import of gold has a direct impact on India’s current account deficit (CAD).
The price of gold in Delhi is Rs 1,51,500 per 10 grams.
Let us tell you that on Thursday last week, the price of gold of 99.9 percent purity fell by Rs 3,500 (2.26 percent) in Delhi’s bullion market and closed at Rs 1,51,500 per 10 grams. After Thursday, the bullion market was closed on Friday on the occasion of Good Friday and then the markets were closed on Saturday-Sunday also. Amidst the ongoing tension in the Middle East, huge fluctuations in gold prices continue. Due to tension, along with gold, silver prices are also being greatly affected. On Thursday, the price of silver fell by Rs 9,000 (3.66 percent) and closed at Rs 2,37,000 per kg.
SK Sharma is a content writer who writes on news, entertainment, and lifestyle topics. She has over four years of experience and is known for conveying information in simple and clear language.
