Daily trending news …
India’s gold imports rose 1.6% to $58.9 billion and silver imports surged 44% to $9.2 billion in 2025, despite record-high global prices, widening the trade deficit and pressuring the rupee. To overcome this finance minister may make announcement about gold and silver import duty. This may reduce the price or further increase the prices.
India implements a three-year safeguard duty on selected steel imports to protect domestic producers from cheaper foreign supplies, with major stock gains seen in Tata Steel, JSW Steel, and Jindal Steel. The measure aims to stabilise domestic prices while limiting adverse effects from non-mixed steel imports and certain specialties.
India’s October merchandise exports plunged 11.8% as US tariffs escalated to 50%, triggering a record $41.68 billion trade deficit despite a $5 billion relief package and QCO withdrawals. Even tariff-exempt smartphones and pharmaceuticals collapsed, reversing last year’s 197% smartphone surge. Gold imports skyrocketed to $14.72 billion, pushing total imports up 16.63%.
