India’s gold imports jumped 200% in October as consumers bought more of the yellow metal during the festive month that included Diwali. The government is hopeful that higher prices of the commodity will keep demand muted in the ongoing wedding season. Silver imports too saw a sharp jump last month. The sharp rise in imports of the two precious metals also widened the trade deficit to $41.68 billion in October 2025. Advertisement

As per provisional data released by the commerce ministry on Monday, India’s gold imports rose to $14.72 billion in October 2025 from $4.92 billion in October 2024. Silver imports also rose to $2.72 billion in October 2025 from $0.43 billion a year ago.

Officials highlighted this sharp rise in gold and silver imports as one of the reasons for the widening of the

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