India - Gold - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingGold Price in India - 2023
Contents:
- Gold Price in India (CIF) - 2023
- Gold Price in India (FOB) - 2022
- Gold Imports in India
- Gold Exports in India
Gold Price in India (CIF) - 2023
In June 2023, the average gold import price amounted to $55.9M per ton, falling by -4.2% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 29% against the previous month. Over the period under review, average import prices attained the peak figure at $60.5M per ton in April 2023; afterwards, it flattened through to June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Switzerland ($63.7M per ton), while the price for the Dominican Republic ($17.8M per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Gold Price in India (FOB) - 2022
The average gold export price stood at $57,863,067 per ton in 2022, surging by 14% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +9.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gold export price decreased by -5.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices attained the maximum at $61,013,689 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($59,870,271 per ton), while the average price for exports to the United Arab Emirates stood at $57,490,018 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+10.6%).
Gold Imports in India
In 2022, approx. 763 tons of gold were imported into India; waning by -28.6% compared with 2021. In general, imports, however, recorded a perceptible increase. The growth pace was the most rapid in 2021 when imports increased by 188% against the previous year. As a result, imports attained the peak of 1.1K tons, and then declined notably in the following year.
In value terms, gold imports declined sharply to $38.7B in 2022. Overall, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 154% against the previous year. As a result, imports reached the peak of $55.8B, and then dropped remarkably in the following year.
| Import of Gold in India (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 15.2 | 9.3 | 26.9 | 18.7 | 7.2% |
| United Arab Emirates | 3.1 | 2.7 | 7.1 | 4.9 | 16.5% |
| South Africa | 1.6 | 1.4 | 4.1 | 2.8 | 20.5% |
| Guinea | 0.2 | 0.8 | 3.1 | 2.2 | 122.4% |
| Peru | 1.6 | 1.3 | 2.3 | 1.6 | 0.0% |
| Bolivia | 0.8 | 1.0 | 1.9 | 1.4 | 20.5% |
| Singapore | 0.1 | 0.4 | 1.6 | 1.1 | 122.4% |
| United States | 1.6 | 0.7 | 1.3 | 0.9 | -17.5% |
| Ghana | 1.9 | 0.8 | 1.0 | 0.8 | -25.0% |
| Australia | 0.4 | 0.2 | 1.1 | 0.8 | 26.0% |
| Argentina | 0.2 | 0.3 | 0.5 | 0.4 | 26.0% |
| Dominican Republic | 0.4 | 0.2 | 0.6 | 0.4 | 0.0% |
| Others | 4.0 | 2.8 | 4.2 | 2.7 | -12.3% |
| Total | 31.2 | 21.9 | 55.8 | 38.7 | 7.4% |
Top Suppliers of Gold to India in 2022:
- Switzerland (306.8 tons)
- United Arab Emirates (132.0 tons)
- South Africa (46.8 tons)
- Guinea (38.4 tons)
- Peru (32.4 tons)
- Dominican Republic (25.9 tons)
- Bolivia (23.6 tons)
- Australia (21.6 tons)
- United States (19.9 tons)
- Singapore (18.3 tons)
- Ghana (17.4 tons)
- Argentina (15.9 tons)
Gold Exports in India
In 2022, shipments abroad of gold decreased by -11.4% to 93 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a dramatic contraction. The growth pace was the most rapid in 2020 with an increase of 86% against the previous year. As a result, the exports attained the peak of 4.2 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, gold exports amounted to $5.4M in 2022. Overall, exports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 151%. As a result, the exports reached the peak of $255M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Gold in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 90.7 | 124 | 5.2 | 4.5 | -63.3% |
| Switzerland | 6.6 | 98.5 | N/A | 0.9 | -48.5% |
| Turkey | N/A | 32.2 | N/A | N/A | 0% |
| Others | 4.6 | 0.4 | 0.1 | N/A | -85.3% |
| Total | 102 | 255 | 5.3 | 5.4 | -62.5% |
Top Export Markets for Gold from India in 2022:
- United Arab Emirates (78.0 kg)
- Switzerland (15.0 kg)
This report provides an in-depth analysis of the gold market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24412030 - Gold, unwrought or in powder form for non-monetary use (including plated with platinum)
- Prodcom 24412035 -
- Prodcom 24412040 -
- Prodcom 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)
- Prodcom 24412070 - Monetary gold (including gold plated with platinum)
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
655
This report provides an in-depth analysis of the gold market in India.
375
This report provides an in-depth analysis of the semi-manufactured gold market in India.
428
This report provides an in-depth analysis of the market for frozen vegetables other than potato and corn in India.
1808
This report provides an in-depth analysis of the global gold market.
804
This report provides an in-depth analysis of the global semi-manufactured gold market.
654
This report provides an in-depth analysis of the global market for frozen vegetables other than potato and corn.
327
This report provides an in-depth analysis of the unwrought gold market in India.
655
This report provides an in-depth analysis of the gold market in India.
375
This report provides an in-depth analysis of the semi-manufactured gold market in India.
1939
Global Unwrought Gold Market Report 2018. This report provides an in-depth analysis of the global unwrought gold market.
363
Explore the top import markets for gold based on the Import Value of Gold in 2022. Switzerland, China, and the United Kingdom lead the way as major players in the global gold trade. Discover key statistics and market insights.
782
The average gold price rose by 1.7% to $1800 per troy ounce in 2021. World Bank predicts that gold prices will decrease by 1.1% this year, but recent political tensions around the world could result in the forecast could be revised.
2475
In 2016, the global imports of gold totaled X tons, reducing by -X% against the previous year figure. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports volume incr...
1399
In 2016, the global imports of gold totaled X tons, reducing by -X% against the previous year figure. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports volume incr...
526
Explore the world's best import markets for frozen vegetables, excluding potato and corn. With key statistics and numbers, discover the demand and preferences in these markets. Get insights from the IndexBox market intelligence platform.
363
Explore the top import markets for gold based on the Import Value of Gold in 2022. Switzerland, China, and the United Kingdom lead the way as major players in the global gold trade. Discover key statistics and market insights.
782
The average gold price rose by 1.7% to $1800 per troy ounce in 2021. World Bank predicts that gold prices will decrease by 1.1% this year, but recent political tensions around the world could result in the forecast could be revised.
2475
In 2016, the global imports of gold totaled X tons, reducing by -X% against the previous year figure. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports volume incr...
1399
In 2016, the global imports of gold totaled X tons, reducing by -X% against the previous year figure. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports volume incr...
