India is the fifth-largest importer of gold, driven by strong domestic demand for financial security, cultural practices, and jewelry. With minimal domestic gold production, nearly all of India's gold demand is met through imports, amounting to approximately 895 metric tons annually over the past five years. The global gold market is projected to grow from 4.42 kilotons in 2024 to 6.32 kilotons by 2029, with significant contributions from the jewelry industry.
India's gold imports were valued at US$45.54 billion in 2023-2024, with top sources including Switzerland, South Africa, and the UAE. Import duty on gold in India is currently 15%, though there are calls to reduce it to 10%. The major importers in India include PEC Limited and Kundan Gold Private Limited. Starting a gold import business in India requires proper licensing, market research, and adherence to regulations.
Blog URL- www.seair.co.i...
#Gold #Export #globaltrade
Seair is your end-to-end solution for all the export-import data. Seair arms your business with insight depth analysis report of place, potential, and the latest trend to boost your position in the market. Seair team uses modern tools to provide you with a refined statement-based analysis of the Import-Export duty of every country.
Follow us:-
Instagram - / seair_eximsolutions
Facebook - / seairexim
LinkedIn - / seair-exim-solution
Twitter - / seair_exim
Website - www.seair.co.in/
Негізгі бет How To Start A Gold Import Business In India?
Пікірлер