Import of Gold

Quantity of gold imported during the last three years is as under:

            2011-12           -           1170.34 Tons

            2012-13           -           1013.92 Tons

            2013-14           -           670.41 Tons (provisional)

There are no figures available regarding estimate of smuggled gold, however, Customs, including Directorate of Revenue Intelligence, during the last three years has seized the following quantity of gold being smuggled into the country:

             2011                -           153.26 Kgs.

             2012                -           200.75 Kgs.

             2013                -           1267.26 Kgs.

As per RBI’s Statistical supplement dated June 18, 2014 gold held by RBI is 557.8 tons    RBI or Government has no data available indicating the availability of Gold with public.

The information was given by the Minister of State (Independent Charge) of the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in Rajya Sabha today.