Government revises November gold import figures from $14.8 billion to $9.9 billion
5 days, 15 hours ago

Government revises November gold import figures from $14.8 billion to $9.9 billion

New Indian Express  

NEW DELHI: The sharp jump in November merchandise trade deficit was because of a clerical error. The Directorate General of Commercial Intelligence and Statistics on Wednesday revised India’s gold import figure for November 2024 from $14.8 billion to $9.9 billion—a decline of 33%. The November goods trade deficit rose to an all-time high of $37.8 billion due a massive year-on-year surge in gold imports. However, on Wednesday DGCI&S, an organisation under the Ministry of Commerce, for collection, compilation and dissemination of trade statistics – revised the November gold import data without any explanation. The downward revision in gold import should cut India’s goods trade deficit in November to $32.7 billion from the earlier $37.8 billion, if everything else remains the same.

History of this topic

India Admits Gold Data Error That Pushed Trade Gap to Record
4 days, 8 hours ago
Stock market volatility boosts investments in gold ETFs in India: WGC
5 days, 11 hours ago
Gold price today January 9: Check latest rates in Delhi, Chennai, Mumbai, Kolkata and other major cities
Top News
5 days, 15 hours ago
Gold googly bamboozles import data
5 days, 21 hours ago
$5 billion shock! India makes largest-ever revision to gold import estimates for November
Trending News
6 days, 7 hours ago
Gold price today January 8: Check latest rates in Delhi, Chennai, Mumbai, Kolkata and other major cities
6 days, 15 hours ago
Today Gold Rate 03-01-2025: Check latest prices in your city
Top News
1 week, 4 days ago
Gold price today December 31: Check latest rates in Delhi, Chennai, Mumbai, Kolkata and other major cities
Trending News
2 weeks ago
India's current account deficit expected at 1.1% of GDP in FY25, says ICICI bank
2 weeks, 1 day ago
ICICI Bank forecasts 1.1% current account deficit for India in FY25 amid trade challenges
Trending News
2 weeks, 1 day ago
Today Gold Rate 28-12-2024: Check latest prices in your city
2 weeks, 3 days ago
India’s CAD likely to exceed 2 pc of GDP in Q3 FY25 amid gold import surge: Report
2 weeks, 3 days ago
Today Gold Rate 26-12-2024: Check latest prices in your city
2 weeks, 5 days ago
Today Gold Rate 25-12-2024: Check latest prices in your city
Top News
2 weeks, 6 days ago
Rupee at 85 to a Dollar: Sinking Towards 100?
3 weeks, 1 day ago
Today Gold Rate 23-12-2024: Check latest prices in your city
Top News
3 weeks, 1 day ago
Mint Primer: How India’s trade gap soared, and how it might hurt
3 weeks, 4 days ago
India’s record gold import said to be due to calculation error
3 weeks, 5 days ago
Gold Steadies With Focus on Fed’s Rate Outlook for Next Year
3 weeks, 6 days ago
Rahul Gandhi takes aim at BJP over trade deficit: ‘Govt prioritises crony businesses’
3 weeks, 6 days ago
Rahul slams government over trade deficit touching all-time high
3 weeks, 6 days ago
Rahul slams govt over trade deficit touching all-time high
3 weeks, 6 days ago
Trade shocker: On November’s trade estimates
Trending News
3 weeks, 6 days ago
India's Gold Imports Surge 132% in November
Trending News
4 weeks ago
India's gold imports to plunge in December after record November
4 weeks ago
Today Gold Rate 17-12-2024: Check latest prices in your city
Top News
4 weeks ago
Record trade deficit adds to rupee’s challenges, may open to all-time low
4 weeks ago
Trade deficit at a record $38bn as gold imports rise
Top News
4 weeks ago
India’s Trade Deficit Widens to Record as Gold Demand Soars
Top News
4 weeks, 1 day ago
India’s imports rises to 27%, touches to record high of almost $70 billion
4 weeks, 1 day ago
Today Gold Rate 16-12-2024: Check latest prices in your city
Trending News
4 weeks, 1 day ago
Today Gold Rate 14-12-2024: Check latest prices in your city
1 month ago
US dollar, Fed rate cut to drive gold prices in 2025
1 month ago
Gold prices hit 2-week high at Rs 78,800/10 gms ahead of US inflation data
Trending News
1 month ago
Today Gold Rate 11-12-2024: Check latest prices in your city
1 month ago
Today Gold Rate 10-12-2024: Check latest prices in your city
1 month ago
Today Gold Rate 09-12-2024: Check latest prices in your city
1 month ago
Today Gold Rate 07-12-2024: Check latest prices in your city
1 month, 1 week ago
Gold price today December 6: Check latest rates in Delhi, Chennai, Mumbai, Kolkata and other cities
1 month, 1 week ago
India tops global gold purchases, adds 27 tonnes to the reserves
1 month, 1 week ago
At 78 tonnes, RBI’s Gold Purchases till Oct Second Highest After 2009
1 month, 1 week ago
Today Gold Rate 05-12-2024: Check latest prices in your city
1 month, 1 week ago
Rise in smuggling of gold, cocaine: DRI report
1 month, 1 week ago
Today Gold Rate 04-12-2024: Check latest prices in your city
1 month, 1 week ago
Barter at the border: India's export curbs and price disparity fuel rising illegal trade at the Bangladesh border
1 month, 1 week ago
Today Gold Rate 03-12-2024: Check latest prices in your city
Top News
1 month, 1 week ago
Gold price today December 3: Check latest rates in Delhi, Chennai, Mumbai, Kolkata and other cities
Top News
1 month, 1 week ago
Today Gold Rate 02-12-2024: Check latest prices in your city
Top News
1 month, 1 week ago
Today Gold Rate 01-12-2024: Check latest prices in your city
1 month, 1 week ago

Discover Related