- Import
- 29 January 2022
India’s Gold Imports Increase to US$ 30.2 Billion in 2021
India’s gold demand shot up in 2021, as lots of weddings were postponed to 2021 from 2020 because of the coronavirus outbreak. Indian authorities put strict lockdowns during first waves of the Covid-19 pandemic, hitting the gold demand at that time. Gold is regarded an essential part of the bride’s dowry in India and is also a popular wedding gift. As gold demand was high, India spent a record $ 55.7 billion on gold imports in 2021. According to our India import database, India’s gold imports increased to US$ 30.2 billion in 2021 from the previous year. Here is in-depth data analysis of India’s gold import market.
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