India, gold imports

After miscalculation, India cuts April-November gold import estimate by $11.7 billion
India sharply lowered its April-November 2024 gold import estimate by $11.7 billion on Thursday after precious metal trade figures were miscalculated due to some double counting. The government revised its gold import estimate to $37.
India Fixing Record Trade Deficit After Overstating Gold Imports
India’s government is still finalizing revisions to gold import figures and trade data after discovering discrepancies in their calculation last month, according to people familiar with the matter.
Government revises gold imports downward by $5 billion in November
The commerce department has revised downward the value of gold imports by over $5 billion to $9.8 billion in November, while also lowering the number for April-November from $49 billion estimated last month to $37.
India cuts April-November gold import estimate by $11.7 billion
India cut its April-November 2024 gold import estimate by $11.7 billion in data released on Thursday after figures were miscalculated due to some double counting.
India revises November gold import data, uncovering $5 billion error
India's gold import figures for November have been revised sharply downward to $9.8 billion, significantly lower than the previously announced $14.8 billion, according to data from the Directorate General of Commercial Intelligence and Statistics (DGCIS) released on Wednesday.
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Error in gold import calculation due to change in software now resolved: Sources
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