The Commerce Ministry data has showed that India's gold imports rose 24 per cent to hit an all-time high of $71.98 billion in 2025-26 as compared to $58 billion in 2024-25 on account of high prices of the precious metal. In volume terms, imports dipped 4.76 per cent to 721.03 tonnes. It was 757.09 tonnes in 2024-25.

Similarly, silver imports jumped about 150 per cent to $12 billion in 2025-26 due to higher prices. In volume terms, it rose by 42 per cent to 7,334.96 tonnes in 2025-26. Prices of the yellow metal are hovering around Rs 1,56,000 per 10 grams (inclusive of all taxes) in the national capital. Silver was priced at around Rs 2.53 lakh per Kg.

Switzerland is the largest source of gold imports, with about 40 per cent share, followed by the UAE (over 16 per cent) and South Africa (about 10 per cent). The precious metal accounts for over 5 per cent of the country's total imports. The total imports from Switzerland rose 11.36 per cent to $24.27 billion during 2025-26.