In 2023, the import of gold into India stood at approximately 34.975 billion US dollars. Based on the forecast data, the import values are expected to slightly increase year-on-year: by 1.3% in 2024, 1.4% in 2025, 1.3% in 2026, 1.3% in 2027, and 1.2% in 2028. The cumulative annual growth rate (CAGR) from 2024 to 2028 is projected to be approximately 1.3% per year.

Future trends to watch for:

Global economic stability and monetary policies affecting gold prices.
India's domestic demand influenced by cultural and economic factors.
Potential government regulations and duties impacting gold import volumes and costs.