Gold imports surge 200% despite US tariffs, wedding season fuels
India's gold imports increased 199.2% year-over-year to $14.7 billion in October 2025, from $4.9 billion in the same month a year earlier, despite the 50% US tariffs. Experts say the tariffs drove investors to safe havens like gold and silver. They have also attributed the surge to pent-up consumer demand after GST relief and the wedding season in India.