India's November merchandise deficit narrows by 2.84% YoY to $20.58 billion

New Delhi: After reaching a record high in October, India's merchandise trade deficit contracted to $20.58 billion in November 2023, primarily due to a substantial decline in gold imports, as reported by the commerce ministry on December 15.

India's Oct merchandise trade deficit widens to record level as gold imports jump by 95% YoY

New Delhi: India's merchandise trade deficit widened to an all-time high level in October, bolstered by a 95 percent jump in gold imports, the commerce ministry said on Wednesday.

Centre imposes import restrictions on specific gold jewellery, articles

New Delhi: The Centre on Wednesday implemented import restrictions on specific gold jewellery and articles to reduce the import of non-essential items.