SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Gold imports drops 30.5% to $15.74 billion in April-November period

21 Dec 2016 Evaluate

Gold imports witnessed a fall of 30.5% to $15.74 billion in April-November of the current fiscal. The total imports of the precious metal in the corresponding period of 2015-16 stood at $22.64 billion. According to the commerce ministry data, the gold imports however grew for the second straight month in November by rising 23.24% to $4.36 billion.

The softening prices of the precious metal globally as well as locally are seen to be at work. This fall in imports is expected to keep a lid on the current account deficit. The increase in gold imports pushed the trade deficit to about two-year high of $13 billion in November from $10.33 billion in the same month last year.

India is one of the largest gold importers in the world and the imports mainly take care of demand from the jewellery industry. In volume terms, 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 imported 650 tonnes of gold in 2015-16.


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:

×