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India’s Exports Increase by 2.77%, Trade Deficit Shrinks to USD 6.62 Billion

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In May 2025, India’s total exports—including both merchandise and services—amounted to USD 71.12 billion, reflecting a 2.77% increase compared to the previous year, as reported by the Ministry of Commerce and Industry. In May 2024, exports were recorded at USD 69.20 billion. This growth was largely fueled by a significant rise in services exports, which climbed to USD 32.39 billion from USD 29.61 billion the prior year. Conversely, merchandise exports saw a slight decline, falling from USD 39.59 billion to USD 38.73 billion.

Overall imports (goods and services) also experienced a minor decrease, totaling USD 77.75 billion in May 2025 compared to USD 78.55 billion in May 2024. Consequently, the trade deficit narrowed to USD 6.62 billion from USD 9.35 billion the previous year.

For the first two months of the financial year 2025-26 (April–May), India’s total exports reached USD 142.43 billion, marking a 5.75% increase year-on-year. Imports during this period rose to USD 157.57 billion, reflecting a 6.52% increase. The trade deficit for this period widened to USD 17.14 billion from USD 15.12 billion during the same timeframe in FY25.

India’s total exports for the entire financial year 2024-25 reached a record USD 824.9 billion, surpassing the government’s target of USD 800 billion. This represents a 6.01% increase from the USD 778.1 billion recorded in FY2023-24. The services sector was a key driver of this growth, with exports rising to an all-time high of USD 387.5 billion, a 13.6% increase from USD 341.1 billion the previous year. Merchandise exports totaled USD 437.42 billion, achieving a modest year-on-year rise.

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Business

Gold Prices Edge Up in India on January 19, 2026

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Gold prices in India recorded a slight increase on January 19, 2026, supported by global market trends, local demand, and movements in the rupee-dollar exchange rate.

As per market estimates, 24-carat gold, which is considered pure gold, is priced at ₹14,569 per gram, or ₹1,45,690 per 10 grams. 22-carat gold, commonly used for jewellery, is trading at around ₹13,355 per gram, or ₹1,33,550 per 10 grams.

The prices have risen marginally compared to the previous day. The increase is mainly linked to a weaker Indian rupee against the US dollar, which makes imported gold more expensive.

Gold rates vary slightly across cities such as Mangalore and other parts of the country. These differences depend on local taxes, transportation costs, jeweller margins, and regional demand.

Demand for gold remains strong due to the wedding season and festive buying, which continues to support higher prices. Investors also turn to gold during uncertain economic conditions, as it is seen as a safe-haven asset.

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Experts say that global geopolitical developments, inflation concerns, and central bank policies are also influencing international gold prices, which in turn affect domestic rates.

Market participants expect gold prices to remain firm in the near term if the rupee stays weak and demand continues at current levels.

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Gold Prices Decline Slightly on January 16

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Gold prices witnessed a mild decline in the domestic bullion market on January 16, 2026. The price of 24-carat gold was recorded at ₹143,080 per 10 grams. This marked a fall of ₹360 compared to its previous closing price, indicating a soft trend in the precious metal market.

Similarly, the price of 22-carat gold also moved lower. It was trading at ₹131,157 per 10 grams during the day. The decline in gold prices reflects cautious sentiment among investors amid changing global economic signals.

Market experts said gold prices were affected by fluctuations in international markets and movements in the US dollar. Profit booking by investors at higher levels also contributed to the marginal drop in prices.

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Despite the decline, demand for gold remains steady in the domestic market. Jewellers reported moderate buying interest, especially for 22-carat gold used in jewellery. Industry participants are now closely watching global inflation data, interest rate trends, and geopolitical developments.

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Gold prices are expected to remain volatile in the coming days. Investors are advised to keep an eye on global cues and currency movements before making fresh investments.

 

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Silver Crashes ₹12,500 to ₹2.43 Lakh per kg; Gold Declines ₹900

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Silver prices fell sharply from record levels in the national capital on Thursday due to global profit-booking. The price of silver dropped by ₹12,500 to ₹2,43,500 per kilogram.

According to the All India Sarafa Association, the white metal had touched a record high of ₹2,56,000 per kilogram in the previous trading session on Wednesday. Silver had surged by ₹5,000 in that session amid strong global cues.

Gold prices also weakened on Thursday. The yellow metal declined by ₹900 per 10 grams in the local market. Traders attributed the fall to selling pressure after recent gains.

Market experts said that a rise in global prices earlier had encouraged investors to book profits. This selling pressure impacted both silver and gold prices in the domestic market.

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They added that movements in international bullion prices and a stronger dollar also influenced the decline. Investors are now closely watching global economic signals for further direction in precious metal prices.

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