Rising UAE gold flows draw attention amid austerity push
New Delhi, May 14 -- India's gold imports from the United Arab Emirates (UAE) under the 2022 trade agreement are drawing fresh attention amid India's push to curb bullion imports to conserve foreign reserves.
Gems and jewellery imports from the UAE, dominated by gold, have surged to one-third of India's total shipments in 2025-26, according to commerce ministry data reviewed by Mint.
Even as India's gems and jewellery imports hit a record $71.98 billion in 2025-26, imports from the UAE rose from $14.79 billion in 2022-23 to $27.09 billion in 2024-25, and stood at $24.08 billion during April-February 2025-26.
Total gems and jewellery imports from the UAE stood at $15.93 billion in 2021-22, according to the Gem & Jewellery Export Promoti...
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