India’s yellow metal imports skyrocketed by over 179% to about $3.81 billion in December 2015, as per the data of Commerce Ministry. The inbound shipments of gold in December 2014 stood at a little over $1.36 billion.
Imports of silver also registered an upsurge, growing at 158% to $472 million in December 2015 from the $182.30 million in the same month of previous year. The surge in imports further widened the trade deficit gap to a four-month high at $11.66 billion.
During April-December 2015-16, gold imports increased to $26.45 billion as compared to $25.85 billion during the corresponding period of last year
.
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.
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.
MoneyWorks4Me ensures this through: