CHENNAI: Gold imports touched 800 tonnes in 2023, growing 12 per cent over the previous year. However, silver bullion imports fell 63 per cent to 3475 tonnes.Against 715 tonnes in 2022, gold imports.
India's gold imports fell by 30% over last year to USD 31.8 billion during April-February 2023, while silver imports rose by 66% over the same period, Economy News, Times Now
The surge in gold imports during the nine months contributed to the widening of the trade deficit to $142.44 billion against $61.38 billion in April-December 2020.
Managing Director of Kotak Mahindra Asset Management Company Nilesh Shah has talked about the rise in gold imports and its impact on the Indian economy in a recent tweet.