India’s gold import landscape has seen a dramatic shift for the first seven months of this year, with official data from India's trade ministry indicating a sharp surge driven largely by a steep spike in global prices.

According to data for April-September 2025, gold imports declined in both value and volume compared to the same period last year, but the average unit price per tonne rose significantly, signalling a price-led rally in the market. Advertisement

During April-September 2025, India imported gold worth $26.51 billion, lower than the $29.04 billion recorded in April-September 2024. Quantity-wise, imports fell from 401.27 tonnes last year to 299.77 tonnes this year. Despite this decline, the average unit price jumped sharply, from $7.23 million per tonne to $8.84 million per to

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