SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Gold imports rise 10.47% to $2.42 billion in May

17 Jun 2015 Evaluate

Gold imports rose by 10.47% to $2.42 billion in May on declining prices and easing of restrictions by RBI. Imports of the precious metal stood at $2.19 billion in the same month of 2014. In April this year, the imports grew by 78.33% to $3.13 billion.

Any increase in gold imports impacts the current account deficit (CAD). CAD in the first half of last fiscal declined to 1.9% of GDP ($18 billion) from 3.1 %( $27 billion) in the same period of the previous year.

The Reserve Bank and the government have maintained that the CAD level is comfortable, but the jump in gold imports may spark fresh worries. In November last year, RBI had scrapped the controversial 80:20 scheme. Under the programme, which was put in place in August 2013 to keep a tight leash on gold inflows, at least 20% of imported gold had to be exported before bringing in new lots.

 

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: