SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Gold imports dips by 13.5% to $27.4 billion in 2016-17

31 May 2017 Evaluate

The imports of gold declined by about 13.5% to $27.4 billion in 2016-17 compared to total imports of $31.7 billion in 2015-16. This decline in imports is expected to keep a lid on the current account deficit. The softening prices of gold in the domestic and world market is one of the reasons for the decline. However, on a month-on-month basis, gold import jumped to $4.17 billion in March as against $974 million in the same month previous year.

In volume terms, the country imported 560.32 tonnes of gold during the April-January period of the last fiscal. In contrast gold imports had aggregated to 968.06 tonnes in the entire 2015-16 fiscal, and 915.47 tonnes in 2014-15.

India is one of the largest gold importers in the world, and the imports mainly take care of demand from the 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:

×