Silver Import Value: India has imported a lot of silver from other countries between April and December 2025. Numbers shared by the Ministry of Commerce and Industry show that the total value of the silver imports went up by 128.95%.
During April to December 2025, India imported silver worth USD 7.77 billion. In the same months one year earlier, the value was USD 3.39 billion. So the jump was very large.
This happened because India bought more silver and also because silver became more expensive. The amount of silver brought into the country increased by 56.07%. At the same time the price per kg also went up by 46.69%.
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The total quantity of silver imports rose to 5,727.07 thousand kilograms from 369.48 thousand kilograms. The average price also climbed to USD 1,356.98 per kg from USD 925.06 per kg. So both higher buying and higher prices pushed the total value up.
Gold Import Trends
From April to December 2025, the total value of gold brought into India went up by just 1.83%. It touched USD 49.39 billion. In the same months of 2024, it was USD 48.51 billion.
But India actually bought less gold during this time. The total quantity of gold imports fell by 18.29%. It dropped to 522.38 thousand kilograms from 639.30 thousand kilograms.
So even tho less gold was imported, the price of gold became much higher. The average price increased by 24.62%. It rose to USD 94,554.33 per kg from USD 75,873.08 per kg. Because prices went up so much, the total import value still showed a small rise.
Long-term Gold Trend
If we look at the bigger picture, gold import value has grown a lot over the years. In FY19, India imported gold worth USD 32.91 billion. By FY25, this number had climbed to USD 58.01 billion. That is a 76% increase in six years.
But the actual quantity of gold imported has gone down. In FY19, India imported 982.72 tonnes of gold. By FY25, it dropped to 757.10 tonnes. That is a 23% fall.
For FY26 so far, which covers April to December, gold imports stand at USD 49.39 billion in value and 474.99 tonnes in quantity. This shows that prices are playing a bigger role than volumes in the precious metals market.
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The data also shows India’s overall trade numbers for January 2026. Total exports of goods and services rose by 13.16% year on year to USD 80.45 billion. In January 2025, exports were USD 71.09 billion. Imports during January 2026 also increased. They went up by 18.77% to USD 90.83 billion from USD 76.48 billion last year.
Because imports grew faster than exports, India’s total trade deficit widened. In January 2026, the trade gap reached USD 10.38 billion. In January 2025, it was USD 5.39 billion. So the deficit almost doubled in one year.
