National News
Gold imports up 40.79 pc to USD 2.68 bn in Jan
The country’s gold imports in January rose by 40.79 per cent to USD 2.68 billion on account of increasing domestic demands, according to commerce ministry data.Gold imports stood at USD 1.9 billion in January 2024.Cumulatively, imports during April-January this fiscal year rose 32 per cent to USD 50 billion against USD 37.85 billion in the same period last fiscal year.
The increase in imports also indicates strong investor confidence in the precious metal as a safe asset. The other reasons include asset diversification towards gold due to global uncertainties, increasing demand from banks, and cut in customs duties.Prices of the yellow metal have increased 11 per cent so far this year to ₹88,200 per 10 gram in the national capital.
National News
GJEPC Hosts UK Trade Interaction In Kolkata To Boost Exports
British Deputy High Commissioner Highlighted Emerging Opportunities In The UK Market and Outlined The Support Available To Indian Businesses Through The UK High Commission. Exporters Discussed Their Experience and Interest In Participating In International Trade Fairs In The UK,
India’s GJEPC) held a trade interaction with British diplomats in Kolkata on Sept. 9 to boost gem and jewellery exports to the United Kingdom, the industry body said.
- The meeting, led by GJEPC Eastern Region Chairman Pankaj Parekh and British Deputy High Commissioner Andrew Fleming, convened over 20 regional exporters and prominent local jewellers.
- Dr. Fleming highlighted emerging opportunities in the UK market and outlined the support available to Indian businesses through the UK High Commission. Exporters discussed their experience and interest in participating in international trade fairs in the UK,
- Discussions focused on expanding trade under the India-UK Comprehensive Economic and Trade Agreement (CETA), launched on July 15, 2026.
- The event highlighted six regional exporters who recently completed their maiden shipments to the UK from Kolkata port under the new trade pact.
- British officials, including Deputy Consul Sandip Choudhary, addressed trade bottlenecks, tariff barriers, and participation in UK trade fairs, pledging ongoing support to facilitate market access for Eastern Region exporters.
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