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India’s August Trade Deficit Narrows as Gold Imports Plunge

By Uniquetimesorg September 16, 2026 0

India’s goods trade deficit unexpectedly narrowed to $26.86 billion in August, down from $31.98 billion in July, government data showed. The decline came mainly from a sharp fall in imports, particularly gold, even as merchandise exports slipped slightly from the previous month. Gold imports nearly halved to $2.3 billion from $4.16 billion in July, helping […]Continue Reading

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India’s Gold Tariff Hike Fuels Grey Market: WGC

By Uniquetimesorg July 30, 2026 0

India’s decision to raise gold import tariffs to 15% has led to a sharp increase in unofficial gold inflows, negatively impacting organised jewellery businesses, according to the World Gold Council (WGC). The higher duty, combined with 3% GST, has created an 18% price gap that has encouraged illegal gold trading and boosted grey-market activity. The […]Continue Reading

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Modi’s Gold Warning Sparks Tariff Fears, Jewellery Stocks Tumble

By Uniquetimesorg May 11, 2026 0

Indian jewellery stocks fell sharply on Monday after Prime Minister Narendra Modi urged citizens to avoid buying gold for a year to help conserve foreign exchange reserves. The remarks, made amid soaring oil prices linked to the Iran conflict, raised concerns that the government could increase import duties on gold to reduce pressure on India’s […]Continue Reading

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Modi Calls for Fuel Saving, Fewer Imports to Protect Forex Reserves

By Uniquetimesorg May 11, 2026 0

Prime Minister Narendra Modi on Sunday urged Indians to adopt fuel-saving measures and reduce non-essential spending as rising global energy prices put pressure on the country’s foreign exchange reserves. He encouraged people to revive work-from-home practices and online meetings, saying reduced commuting would help cut fuel consumption and save foreign currency. Modi also Continue Reading

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Indian Banks Halt Gold And Silver Imports Amid Clearance Delay

By Uniquetimesorg April 18, 2026 0

Indian banks have temporarily halted gold and silver import orders as shipments remain stuck at customs due to delays in government clearance. The Directorate General of Foreign Trade (DGFT) has yet to issue its annual authorization order, leaving more than 5 tonnes of gold and around 8 tonnes of silver unable to enter the domestic […]Continue Reading