News Stardom : Kolkata, 11th May, 2026. “The sharp decline in gold imports for jewellery consumption reflects both changing consumer behaviour and industry adaptation. With nearly 20,000 tonnes of gold lying idle within the Indian economy, there is a strong need for the Government and industry stakeholders to work together to mobilise this dormant asset. Given the Hon’ble Prime Minister’s commentary, there is also a possibility of an increase in gold import duty going forward. 
At the same time, the jewellery industry is already adapting through lower-weight and lower-carat products to maintain affordability for consumers. If these trends continue, India’s annual gold imports could potentially decline to nearly 550 tonnes, compared to the historical average of around 700 tonnes,” said Suvankar Sen (MD & CEO, Senco Gold & Diamonds).
** Comment /quote on Hon’ble PM’s request to the nation.**
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