India’s gold imports fall 58% in August, silver imports rise 127%

Kitco09-16 14:30

(Kitco News) – India’s gold imports fell dramatically last month even as silver shipments surged, the Ministry of Commerce announced on Tuesday.Gold imports dropped by 57.75% to $2.3 billion in August...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2667697984?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-16 14:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2667697984","market":"us","top_or_hot":-1,"title":"India’s gold imports fall 58% in August, silver imports rise 127%","media":"Kitco","content":"<div>\n<p>(Kitco News) – India’s gold imports fell dramatically last month even as silver shipments surged, the Ministry of Commerce announced on Tuesday.Gold imports dropped by 57.75% to $2.3 billion in August...</p>\n\n<a href=\"https://www.kitco.com/news/article/2026-09-16/indias-gold-imports-fall-58-august-silver-imports-rise-127\">Source Link</a>\n\n</div>\n","source":"kitco_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>India’s gold imports fall 58% in August, silver imports rise 127%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIndia’s gold imports fall 58% in August, silver imports rise 127%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-16 14:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.kitco.com/news/article/2026-09-16/indias-gold-imports-fall-58-august-silver-imports-rise-127><strong>Kitco</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Kitco News) – India’s gold imports fell dramatically last month even as silver shipments surged, the Ministry of Commerce announced on Tuesday.Gold imports dropped by 57.75% to $2.3 billion in August...</p>\n\n<a href=\"https://www.kitco.com/news/article/2026-09-16/indias-gold-imports-fall-58-august-silver-imports-rise-127\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IAUM","symbol_name":"ISHARES GOLD TRUST MICRO","start_time":0,"source_url":"https://www.kitco.com/news/article/2026-09-16/indias-gold-imports-fall-58-august-silver-imports-rise-127","article_id":"2667697984","we_media_id":null,"thumbnails":[],"rights":{"source":"kitco_highlight","url":"https://www.kitco.com/news/article/2026-09-16/indias-gold-imports-fall-58-august-silver-imports-rise-127","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2667697984","pubTimestamp":1789540200,"columns":[],"sourceInfo":{"source_id":"kitco_highlight","name":"Kitco"},"weMediaInfo":null,"summary":"(Kitco News) – India’sgold imports fell dramatically last montheven assilver shipments surged, the Ministry of Commerce announced on Tuesday.Gold imports dropped by 57.75% to $2.3 billion in August, t","collect":0,"end_time":0,"defaultTopTitle":"kitco.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IAUM":"ISHARES GOLD TRUST MICRO","GDXJ":"小型黄金矿业ETF(Market Vectors)","IAUI":"NEOS Gold High Income ETF","GBUG":"Sprott Active Gold & Silver Miners ETF","KSLV":"Kurv Silver Enhanced Income ETF","CEF":"Sprott Physical Gold & Silver Trust","GLTR":"abrdn Physical Precious Metals Basket Shares ETF","GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","FGDL":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","DZZ":"德银黄金两倍做空ETN","GLDM":"SPDR Gold MiniShares Trust","IAU":"黄金信托ETF-iShares","BAR":"GraniteShares Gold Shares","PSLV":"Sprott Physical Silver Trust","DBC":"商品指数ETF-PowerShares DB","USG":"USCF Gold Strategy Plus Income Fund","GDXY":"YieldMax Gold Miners Option Income Strategy ETF","SGDM":"Sprott Gold Miners ETF","DGP":"二倍做多黄金ETN(PowerShares)","ZSL":"Proshares二倍做空白银ETF","GOAU":"U.S. Global GO GOLD and Precious Metal Miners ETF","DULL":"MICROSECTORS GOLD -3X INVERSE LEVERAGED ETN","OUNZ":"VanEck Merk黄金股票基金","BTGD":"STKD Bitcoin & Gold ETF","SHNY":"MICROSECTORS GOLD 3X LEVERAGED ETN","GLL":"2倍做空黄金ETF-ProShares","PICK":"iShares MSCI Global Metals & Mining Producers ETF","SILJ":"Amplify Junior Silver Miners ETF","UGL":"2倍做多黄金ETF-ProShares","RING":"iShares MSCI Global Gold Miners ETF","SGOL":"Abrdn Gold ETF Trust","AAAU":"Goldman Sachs Physical Gold ETF","JNUG":"金矿指数二倍做多ETF","SLV":"白银ETF-iShares","UYM":"基础材料指数ETF-ProShares两倍做多","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN","SIL":"Silver Miners Etf","JDST":"金矿指数二倍做空ETF","XME":"金属与采矿指数ETF-SPDR","GOLY":"Strategy Shares Gold Enhanced Yield ETF","PHYS":"Sprott Physical Gold Trust","GDX":"黄金矿业ETF-VanEck","SLVP":"iShares MSCI Global Silver and Metals Miners ETF","SIVR":"Abrdn Silver ETF Trust","AGQ":"2倍做多白银ETF-ProShares","SLVR":"Sprott Silver Miners & Physical Silver ETF"},"translate_title":"印度8月份黄金进口量下降58%，白银进口量增长127%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JDST":1.5,"IAUI":1.5,"IAUM":1.5,"KSLV":1.5,"FGDL":1.5,"DUST":1.5,"SLV":1.5,"XME":1.5,"MNDmain":1.5,"CEF":1.5,"IAU":1.5,"GDXU":1.5,"GLL":1.5,"PICK":1.5,"AAAU":1.5,"AGQ":1.5,"GOLY":1.5,"SILJ":1.5,"DGP":1.5,"SGDM":1.5,"DULL":1.5,"UYM":1.5,"BAR":1.5,"SIL":1.5,"JNUG":1.5,"OUNZ":1.5,"GDX":1.5,"SLVR":1.5,"GLTR":1.5,"BEGS":1.5,"GDXJ":1.5,"UGL":1.5,"ZSL":1.5,"SGOL":1.5,"PHYS":1.5,"1OZmain":1.5,"DZZ":1.5,"RING":1.5,"BTGD":1.5,"GOAU":1.5,"USG":1.5,"GLDM":1.5,"SLVP":1.5,"GDXD":1.5,"GDXY":1.5,"SIVR":1.5,"SHNY":1.5,"PSLV":1.5,"GBUG":1.5,"DBC":1.5},"content_text":"(Kitco News) – India’s gold imports fell dramatically last month even as silver shipments surged, the Ministry of Commerce announced on Tuesday.Gold imports dropped by 57.75% to $2.3 billion in August, the data showed. However, silver imports actually rose by 127% to $1.02 billion during the month. In May, the Indian government increased import duties on precious metals from 6% to 15%.Cumulatively during April-August 2026-27, gold imports grew by 3.38% to $17.47 billion, while silver imports declined 8.81% to $1.74 billion.Switzerland was the largest source of India’s gold imports in August, representing 40% of shipments, followed by the UAE with over 16% and South Africa with about 10%. Total imports from Switzerland still fell 45.4% to $1.28 billion last month.India is the world's second-largest gold consumer after China, with the lion’s share of imports serving demand from the jewelry industry. Gold imports have significant implications for India's current account deficit, as gold accounts for over 5% of the country's total imports by value.Last week, analysts at Metals Focus warned investors that record-high gold prices are taking a significant toll on global jewelry demand, with consumption expected to fall to its lowest level since the pandemic.The UK-based research firm forecasts that global gold jewelry consumption in 2026 will be more than one-third lower than in 2023. The decline is significant enough that jewelry is expected to lose its position as gold’s largest demand component, overtaken by bar and coin investment.“While high prices undoubtedly support the value proposition of precious metal jewellery, and benefit sales revenue, that same price strength is eroding jewellery demand measured in fine weight terms,” the analysts said.Although aggregate demand is expected to decline, the analysts pointed out that a divergence between the value and volume of jewelry demand is becoming increasingly important. Consumers continue to spend heavily on gold jewelry, but elevated prices mean those purchases contain fewer grams of the precious metal.As a result, strong retail revenues can mask deteriorating physical demand further up the supply chain, including weaker fabrication activity and refining throughput.The weakness has been particularly pronounced in gold’s two largest jewelry markets.According to Metals Focus, gold jewelry consumption in India fell 17% year-over-year during the first six months of 2026, while Chinese demand plunged 30%. Consumption throughout the rest of the world declined 18% compared with the first half of 2025.At the same time, the analysts noted that high gold prices are changing consumer behavior, particularly across South and East Asia and the Middle East, where high-carat jewelry has historically served both decorative and investment purposes.Metals Focus said some consumers are increasingly shifting toward bars and coins, which provide more direct exposure to gold with lower markups.The report also noted that gold-filled and plated products are also gaining traction, while manufacturers are increasingly using gemstones, diamonds and alternative materials to reduce the amount of precious metal required in each piece.Consumers, meanwhile, are buying less frequently, delaying purchases or opting for smaller products even when their overall spending remains relatively unchanged.Despite the growing weakness in the jewelry market, Metals Focus does not expect this trend to derail gold’s broader bull market through the second half of the year.The research firm said the fundamental factors supporting gold over the next six months remain firmly in place, including central bank purchases, concerns surrounding currency debasement and sovereign debt sustainability, U.S. policy uncertainty and increased portfolio diversification.Against that backdrop, Metals Focus said another rally in gold prices appears likely. But higher prices would also create a feedback loop, putting even greater pressure on jewelry demand measured by weight.That suggests jewelry could become a progressively weaker source of physical support as prices rise, leaving investment and central bank demand increasingly responsible for absorbing available supply.The structural shift is notable because of the sheer size of the jewelry market. Metals Focus estimated that global gold jewelry fabrication represented roughly $182 billion in raw metal value in 2025, compared with $8 billion for silver jewelry and $3 billion for platinum. Gold jewelry demand totaled 53 million ounces by weight.Metals Focus emphasized that the decline in volumes does not mean consumers have lost interest in gold.“Precious metal jewellery retains cultural, bridal, gifting and investment appeal,” the analysts said, adding that spending on precious-metal content remains robust even as volumes decline. Instead, high prices are reshaping the market and forcing both consumers and manufacturers to adapt.See live precious metals prices for gold, silver, platinum and palladium — in USD, CAD and 12 more currencies.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.0","shortVersion":"4.50.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2667697984","isCrawlerRequest":true}