India’s gold imports plunge 62.57 pc to USD 5.51 billion in October as prices fall below USD 4,000/oz

Published 13 Nov 2026, 15:37 IST

What's behind this

In a major breakthrough, the United States has assured India of a comparative tariff advantage over its competitors, a condition Indian officials said is required before finalising a trade deal. Recent data show India’s exports rose 29.9 percent to $89.99 billion in October, narrowing the trade deficit to $20.09 billion. Piyush Goyal highlighted the growth and described US talks as smooth. Exports to the United States increased 11 percent, while shipments to Brazil and Mexico also recorded strong, double‑digit growth.

AI-generated overview from 4 outlets. It summarises their reporting and adds no reporting of its own.

RSS excerpt

India's gold imports declined by 39.9 per cent to USD 24.78 billion during April–October 2026, compared with USD 41.24 billion in the corresponding period of 2025, according to the data presented by the Department of Commerce on Friday.

Coverage arrived over 24 hours. First from Hindustan Times, latest from The Tribune.

Corroborated Coverage 3 news outlets reporting

How this event was covered

First reported by Hindustan Times at 09:41 UTC on 12 Nov.

Coverage ran into a second day.

Across 2 desks: business, india.

Compare all reporting outlets (3)

Hindustan Times HT Media 12 Nov 2026, 15:11 IST

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23 hours later
NDTV Adani Group (AMG Media) 13 Nov 2026, 14:31 IST

India's October Trade Deficit Widens To $39.88 Billion

India's merchandise exports hit a record $49.47 billion in October, rising 45% year-on-year, but a 16.5% increase in imports pushed the trade deficit beyond expectations to $39.88 billion.

Compare on Varta → Read at NDTV ↗
1 hour later
The Tribune The Tribune Trust Current article 13 Nov 2026, 15:37 IST

India’s gold imports plunge 62.57 pc to USD 5.51 billion in October as prices fall below USD 4,000/oz

India's gold imports declined by 39.9 per cent to USD 24.78 billion during April–October 2026, compared with USD 41.24 billion in the corresponding period of 2025, according to the data presented by the Department of Commerce on Friday.

Read at The Tribune ↗