The Economic Times

India's gold imports plunge 62.57% to $5.51 billion in October as prices fall below $4,000/oz

India's gold imports fell 39.9% to $24.78 billion during April-October 2026, down from $41.24 billion a year ago, according to Commerce Ministry data. October imports plunged 62.57% year-on-year to $5.51 billion amid a correction in global gold prices. Meanwhile, India's gems and jewellery exports rose to $18.50 billion during the seven-month period.