Why India Imports 700+ Tonnes of Gold Every Year: Explained
New Delhi [India], May 29: Gold occupies a rare and unique space in India’s economy and culture. It is inherited across generations, gifted during festivals, and often treated as a practical asset of value. That is why the India gold import story is never just about luxury; it is also about household savings and buying behaviour shaped by trust.Every year, India brings in well over 700+ tonnes of gold because domestic demand stays far ahead of local supply. India does mine some gold, but not enough to meet the scale of consumption across jewellery, investment bars, coins, and seasonal purchases. So when demand rises, imports naturally fill the gap.Why the Demand Stays StrongOne reason for this substantial demand is the emotional aspect associated with the metal. Gold is de...


