1. Home >
  2. Export Import News >
  3. Import News >
  4. Net gold imports jump 27% in Jan-Mar quarter >
  5. Net gold imports jump 27% in Jan-Mar quarter

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Net gold imports jump 27% in Jan-Mar quarter.

Date: 06-05-2019
Subject: Net gold imports jump 27% in Jan-Mar quarter
India’s net import of gold jumped by 27 per cent to 192.4 tonnes in the first quarter of calendar year 2019 from 151 tonnes in the same period last year. The main reason was the steep fall in gold price from record highs in February, according to Harshal Barot, research consultant, Metals Focus, data provider to miner’s lobby World Gold Council (WGC). Indeed, the MCX generic contract hit a record high of Rs 35,052 per 10 gm on February 20 before correcting to Rs 32,686 at March-end — all prices include GST. This correction and a pick up in the wedding season gave a boost to imports as jewellers began restocking. Also, there are more wedding days in the first half of this year than last year. In 2018, India imported 766 tonnes of gold, down from 867 tonnes in the previous year. While WGC does not comment on future demand, the fact that shares of organised players like Titan hit a record high of Rs 1,165 on April 25, 2019, is an indicator that demand continues to be robust. Experts say that the health of the upcoming monsoon will determine the demand trend during the rest of the year. The IMD has forecast a near normal monsoon. Another feature was that gold dore imports jumped to 67.4 tonnes in Q1 2019 from 59.7 tonnes in the comparative period last year. 

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 22-05-2020
Notification No. 47/2020-CUSTOMS (N.T.)
Appointment of CAA in case of in case of M/s Satnam Steels, Rajkot.

Date: 22-05-2020
PUBLIC NOTICE No. 06/2015-2020
Inclusion of Gopalpur Port, Odisha as a Port of Registration under Para 4.37 of Handbook of Procedures, 2015-2020.

Date: 22-05-2020
TRADE NOTICE NO. 12/2020-2021
Issuance of Preferential Certificate of Origin for India’s exports to Thailand and Vietnam under ASEAN-India FTA

Date: 21-05-2020
Notification No. 24/2020 - Customs
Seeks to amend notification No. 56/2000-Customs dated 05.05.2000, No. 57/2000-Customs dated 08.05.2000 and No. 40/2015-Customs dated 21.07.2015 providing for extension of last date of export by six months, for those cases where the last date of export falls between 01.2.2020 and 31.7.2020 due to the outbreak of COVID-19 pandemic.

Date: 21-05-2020
Notification No. 25/2020 - Customs
Inclusion of Gopalpur Port [INGPR1] as notified port for getting benefits under AA/ EPCG schemes and other export incentive schemes like MEIS/SEIS and other such schemes.

Date: 21-05-2020
Notification No.46/2020 - Customs (N.T.)
Exchange Rates Notification No.46/2020-Custom (NT) dated 21.05.2020.

Date: 20-05-2020
Instruction No. 06/2020-Customs
Instruction Number 06 - Customs on Requirement of Veterinary Certificate

Date: 19-05-2020
Notification No. 45/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg.

Date: 19-05-2020
Notification No. 08/2020-Customs (ADD)
Seeks to impose anti-dumping duty on import of Sodium citrate originating in or exported from China PR for a period of further 5 years.

Date: 18-05-2020
A.P.(DIR Series) Circular No.31
Risk Management and Inter-bank Dealings – Hedging of Foreign Exchange Risk-Date of Implementation

Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001