SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Gold imports jumps 23.24% to $4.36 billion in November

16 Dec 2016 Evaluate

The imports of gold grew for the second consecutive month in November by 23.24% to $4.36 billion on account of fall in prices. Gold imports were worth $3.54 billion in November last year. Imports of the precious metal were on a decline since February this year till September. It recorded positive growth in October. The increase in gold imports, however, pushed the trade deficit to about two-year high of $13 billion in November from $10.33 billion during the same month last year.

Silver imports, however, dipped by 36.33% to $181.41 million in November as against $285 million in the same month last year. The country’s total official gold imports declined to 60 tonnes in April-July of this fiscal, much lower than 250 tonnes in the year-ago period.

India, the world’s second biggest gold consumer after China, imported 650 tonnes of the precious metal in 2015-16. The imports mainly take care of demand of jewellery industry.


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:

×