New Delhi, Oct. 15 -- India's gold imports declined by over 27 per cent to USD 19.27 billion during April-September 2026, compared to USD 26.51 billion in the same period last year, according to data presented by the Ministry of Commerce and Industry on Thursday.

The decline comes after the government increased import duty on gold and silver from 6 per cent to 15 per cent in May this year, making imports more expensive.

The sharp fall in gold imports is significant as India relies heavily on overseas purchases to meet domestic demand. Lower gold imports can help ease pressure on the country's merchandise trade deficit.

The government raised customs duty on gold and silver with effect from May 13, 2026, as part of measures to moderate p...