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Gold imports up 40.79 pc to USD 2.68 bn in Jan

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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.

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National News

GJEPC Represents Mumbai’s GJ Sector At ODOP Award Assessment

GJEPC Presented An Overview Of Mumbai Suburban’s GJ Industry, Highlighting Its Contribution To Exports, Employment Generation, MSME Development

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GJEPC participated in the Government of Maharashtra’s One District One Product (ODOP) Award 2025 assessment on 25 June 2026, representing the gems and jewellery sector as Mumbai Suburban District advanced to the first stage of the award process.

As part of the second-stage physical verification, officials from the Department for Promotion of Industry and Internal Trade (DPIIT) reviewed the district’s performance under the ODOP initiative. GJEPC presented an overview of Mumbai Suburban’s gems and jewellery industry, highlighting its contribution to exports, employment generation, MSME development, and Maharashtra’s industrial economy.

As part of the verification process, the DPIIT delegation is also scheduled to visit SEEPZ, Mumbai, to assess the district’s manufacturing and export ecosystem and gain first-hand insight into the sector’s capabilities.

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