The Commerce Ministry information has confirmed that India’s gold imports rose 24 per cent to hit an all-time excessive of $71.98 billion in 2025-26 as in comparison with $58 billion in 2024-25 on account of excessive costs of the dear steel. In quantity phrases, imports dipped 4.76 per cent to 721.03 tonnes. It was 757.09 tonnes in 2024-25.
Equally, silver imports jumped about 150 per cent to $12 billion in 2025-26 because of greater costs. In quantity phrases, it rose by 42 per cent to 7,334.96 tonnes in 2025-26. Costs of the yellow steel are hovering round Rs 1,56,000 per 10 grams (inclusive of all taxes) within the nationwide capital. Silver was priced at round Rs 2.53 lakh per Kg.
Switzerland is the biggest supply of gold imports, with about 40 per cent share, adopted by the UAE (over 16 per cent) and South Africa (about 10 per cent). The valuable steel accounts for over 5 per cent of the nation’s whole imports. The entire imports from Switzerland rose 11.36 per cent to $24.27 billion throughout 2025-26.
