2017 Indian Gold Imports Were 4 Times Greater Than Russia’s 2017 Record Gold Reserve Additions

Indian gold imports were 901 tons (28,976,823 ounces) in 2017 up 55% from 582 tons in 2016.

India imported 83.335 tons (2,548,814.74 ounces) of gold in December.

Indian gold imports in 2017 were more than four times greater than the record amount of gold (224 tons) the Central Bank of Russia’s added in 2017.

Indian gold imports in 2017 were approximately 28% of 2017 global gold mining production of 3,269 tons*.

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December Indian Gold Imports

December 2017 Indian gold imports were 83.335 tons up 5.1% from November 2017 imports of 79.277 tons, and up 54.8% from 53 tons imported in December 2016.

Indian Gold Imports by Month in 2017

Indian gold imports by month 2017

Indian Gold Imports July 2014 – December 2017

Indian Monthly Gold Imports july 2014 - December 2017

Indian gold imports were 582 tons (approximately 18,711,734 ounces) in 2016 down 38.7% from 949 tons (approx. 30,511,058 ounces) in 2015.

Indian Annual Gold Imports 1999 – 2017

Indian gold imports 1999 - 2017 through december

India’s Problem With Gold

Indian gold imports as a percentage of imports december 2017

India’s trade deficit narrows to seven month low in September

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India’s Gold Reserves

gold reserves by country top ten february 20 2018

According to the World Gold Council, as of February 2018, India held the tenth most gold of any nation.

The Indian gold import charts are derived from data pulled from the Indian Ministry of Commerce and Industry, Govt. of India by Nick Laird of goldchartsrus and are updated monthly and archived on Smaulgld.com. Visit Nick’s gold and silver chart festival at goldchartsrus.

*2017 Global Gold mining production data from World Gold Council

Click to see an overview of India and Silver and a 2016 Indian silver imports .

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