During May, India's gold imports skyrocketed by 34 percent, hitting USD 3.41 billion, as soaring gold prices fueled demand. In stark contrast, silver imports fell steeply by 86.65 percent, underscoring a significant shift in market trends.

During May, India's gold imports skyrocketed by 34 percent, hitting USD 3.41 billion, as soaring gold prices fueled demand. In stark contrast, silver imports fell steeply by 86.65…

India’s silver imports fell 87% in May to a 3-year low after curbs and duty hikes, hitting volumes and potentially impacting global silver prices.

India’s gems and jewellery exports fell 2.49% in May as high gold prices and supply issues impacted shipments, while diamond exports gained.

May witnessed a steep decline of over 81% in India's silver imports, a result of the government's recent moves to hike import duties and require licenses for incoming shipments.…