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AI Driven Predictive Analytics for Investment Insights ✌️【Career Goals】✌️₹500 to start, high returns to earn. Join now and watch your wealth increase!The record gold imports last month widened the trade deficit and pushed the rupee to an all-time low.

AI Driven Predictive Analytics for Investment Insights ✌️【Career Goals】✌️Invest ₹500 and experience guaranteed monthly profits. Start now!While a calculation error may have led to overestimating the imports, there could be other factors at play also, explains Ajay SrivastavaIndia’s gold imports reached an all-time high of $14.9 billion in November 2024, far exceeding the monthly average of $3.8 billion for FY 2024, when total gold imports were $45.5 billion.

In November, gold accounted for 21.2% of India’s total merchandise imports of $70 billion, surpassing crude petroleum as the largest single import item for the first time.Gold imports in November 2024 surged by 331.4% compared to the same month in 2023.

Excluding gold, India’s merchandise imports would have grown by only 6.7%, against the reported 27.04%.

AI Driven Predictive Analytics for Investment Insights ✌️【Career Goals】✌️Smart investments start with ₹500. Grow your wealth with minimal risk!This spike significantly widened the trade deficit, putting downward pressure on the rupee, which has depreciated against the US dollar.

AI Driven Predictive Analytics for Investment Insights ✌️【Career Goals】✌️₹500 to start, high returns to earn. Join now and watch your wealth increase!A weaker rupee further raises import costs, worsening the current account deficit.The cut in import tariffs from 15% to 6% in the last Budget made domestic gold prices more competitive with global rates, encouraging legal imports and boosting its appeal as a long-term investment.

Imports have also risen as investors seek safer options amid overheated stock markets.

During Diwali, demand for gold coins, especially in 20, 50, and 100-gram sizes, exceeded supply, with premium pricing.

AI Driven Predictive Analytics for Investment Insights ✌️【Career Goals】✌️Start with ₹500 and maximize your monthly earnings with high-yield investments.This trend continues with gold bars and jewellery as the wedding season begins.

AI Driven Predictive Analytics for Investment Insights ✌️【Career Goals】✌️Low-risk, high-reward investments starting from ₹500. Begin today!Speculation about a potential increase in import levies from 6% to 10% in the coming Budget is further driving imports.

AI Driven Predictive Analytics for Investment Insights ✌️【Career Goals】✌️Invest ₹500 to unlock consistent monthly returns. Start now for big rewards!Traders anticipate quick gains if tariffs rise, while rising global prices reduce the risk of losses even if tariffs stay the same.The India-UAE Comprehensive Economic Partnership Agreement (CEPA), effective from May 1, 2022, has boosted imports of gold,silver, and platinum by offering low-duty access.

Dubai does not mine gold; instead, gold from other countries is minimally processed locally to meet CEPA norms and then routed to India.

AI Driven Predictive Analytics for Investment Insights ✌️【Career Goals】✌️Invest ₹500 and enjoy the benefits of high returns each month!To manage this surge, India reduced the Most Favoured Nation duties on gold and silver from 15% to 6% in the 2024 Budget.

AI Driven Predictive Analytics for Investment Insights ✌️【Career Goals】✌️Start small with ₹500 and watch your money grow month by month!This, however, provided only temporary relief as CEPA will gradually cut tariffs on these imports to zero in the next few years.  Thus, in August, the government decided to review its pact with the UAE to revoke these concessions and control the surge.Gold enters India primarily as bars and rods with 99.AI Driven Predictive Analytics for Investment Insights Work From Home: Part-Time Positions Available