India Revises Nov Gold Imports Down to $9.84 Billion
By Rediff Money Desk, New Delhi Jan 08, 2025 17:23
India's Commerce Ministry has revised down its November gold import data by $5 billion to $9.84 billion, citing a possible calculation error. The initial figures, which showed a record high, contributed to a record trade deficit.

Photograph: Leonhard Foeger/Reuters
New Delhi, Jan 8 (PTI) The commerce ministry has revised downwards the gold import data by USD 5 billion to USD 9.84 billion for November, according to the Directorate General of Commercial Intelligence and Statistics (DGCIS).
The DGCIS is an arm of the Ministry of Commerce.
As per the ministry data released last month, the country's gold imports in November reached a record high of USD 14.86 billion, registering a four-fold increase.
Noticing this unusual surge, the commerce ministry was examining if there were any calculation mistake in the compilation of the gold imports data for the month, as the sharp surge pushed the trade deficit to a record last month.
The jump in gold imports pushed the country's trade deficit (difference between imports and exports) to a record USD 37.84 billion in November.
Kolkata-based DGCIS is an organisation for the collection, compilation and dissemination of India's trade statistics and commercial information.
The DGCIS is an arm of the Ministry of Commerce.
As per the ministry data released last month, the country's gold imports in November reached a record high of USD 14.86 billion, registering a four-fold increase.
Noticing this unusual surge, the commerce ministry was examining if there were any calculation mistake in the compilation of the gold imports data for the month, as the sharp surge pushed the trade deficit to a record last month.
The jump in gold imports pushed the country's trade deficit (difference between imports and exports) to a record USD 37.84 billion in November.
Kolkata-based DGCIS is an organisation for the collection, compilation and dissemination of India's trade statistics and commercial information.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 8.41 ( -4.65)
- 67528712
- Quadrant Televenture
- 0.48 ( -4.00)
- 25331824
- GTL Infrastructure
- 1.73 ( 0.00)
- 22518929
- Srestha Finvest
- 0.64 ( -3.03)
- 20152471
- Murae Organisor
- 1.94 ( 0.00)
- 14675141
MORE NEWS
MP's Investment Potential: CM Pitches at...
Madhya Pradesh CM Mohan Yadav highlights the state's investment potential at a...

Samsung Galaxy F06 5G: Sub-Rs 10,000 5G...
Samsung launches its most affordable 5G smartphone, Galaxy F06 5G, priced under Rs...

Bhushan Kumar Sinha Appointed IBBI Whole Time...
Bhushan Kumar Sinha, a 1993 batch IES officer with extensive experience in banking,...