India's Merchandise Trade Deficit Likely Widens To USD 28 Billion In September Amid Gold Imports Surge: UBI Report

ETV Bharat / business

India's Merchandise Trade Deficit Likely Widens To USD 28 Billion In September Amid Gold Imports Surge: UBI Report

UBI report noted that the surge in gold demand was largely fueled by onset of the festive and wedding season, which typically boosts bullion purchases.

New Delhi: India's merchandise trade deficit is expected to have widened to USD 28.0 billion in September 2025, up from USD 26.5 billion in August, according to a report by Union Bank of India. The increase in the trade gap is driven primarily by a sharp rise in gold imports, which nearly doubled month-on-month despite record-high prices.

The report stated, "India's merchandise trade deficit likely widened to USD 28.0bln in Sep'25, compared to USD 26.5bln in Aug'25, driven primarily by a surg