Due to the decrease in the import of gold, the Indian government has not yet made any law to stop the smuggling of gold. However, in the meantime, a new metal has established itself in the market, with a 45 percent increase in the last six months. It is considered a good investment option.
In the year 2024-25, the import of gold in India increased by 27.3 percent to reach 58 billion dollars, while in the year 2023-24 it was 45.54 billion dollars. This year in March, the import of gold has increased by 192 percent, and its value is 4.47 billion dollars. Whereas last year in March 2024, its value was 1.53 billion dollars.
This year in 2025-26, due to the new rule, there was a recession in the first 2 months, due to which there was a decline of about 4 percent in the export. Due to this decline, the total export till now has been reduced from 5.85 billion dollars to 5.65 billion dollars.
Actually, the government had made this rule to stop the gold smuggling. Chemicals or any other metals coming to India which contain more than 1% gold or if any such type of metal is being mined.
If any industry needs such chemical or metal then they can get it on special order. The government wants to stop the gold smuggling.
Why is gold the only safe option?
The political tensions going on in the world and the decreasing importance of the dollar are being considered as the reasons for the increase in the price of gold. Now, who prefers gold more than the dollar? All the central banks of every country are storing gold with them so that it is a good investment and its rate will keep increasing. This Gold rally is not over yet, it will continue for a long time.
It is believed that in the year 2026, the rate of gold will increase to $4000 per ounce whereas this year its price will be around $3000-3500 per ounce.
Thus, due to the increasing price of gold, the price of gold in the market has increased a lot due to which the common man is facing difficulty in buying gold jewellery in the market. In the coming time, the price of gold will increase further due to which the volume will not be able to be managed.
The popularity of Platinum increased in India
Although platinum has been in the Indian market for almost 10 years. But its popularity is increasing. Its popularity has increased mostly due to credit cards, as their different products “Platinum Guild”, “Platinum Day of Love”, etc., marketing strategy has made platinum popular. Its import has increased by 5-10% in India. Now it has also started coming in men’s jewellery like bracelets, and chain products are now becoming common in the cities.
