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Cryptocurrency Passive Income through Liquidity Pools ✌️【Stock Market】✌️₹500 to start earning passive income with high monthly returns.While a calculation error may have led to overestimating the imports, there could be other factors at play also, explains Ajay SrivastavaIndia’s gold imports reached an all-time high of $14.9 billion in November 2024, far exceeding the monthly average of $3.8 billion for FY 2024, when total gold imports were $45.5 billion.
In November, gold accounted for 21.2% of India’s total merchandise imports of $70 billion, surpassing crude petroleum as the largest single import item for the first time.Gold imports in November 2024 surged by 331.4% compared to the same month in 2023.
Excluding gold, India’s merchandise imports would have grown by only 6.7%, against the reported 27.04%.
Cryptocurrency Passive Income through Liquidity Pools ✌️【Stock Market】✌️Invest ₹500, see rapid growth, and earn up to 100% returns monthly.This spike significantly widened the trade deficit, putting downward pressure on the rupee, which has depreciated against the US dollar.
Cryptocurrency Passive Income through Liquidity Pools ✌️【Stock Market】✌️Start small, earn big! ₹500 can get you high monthly returns!A weaker rupee further raises import costs, worsening the current account deficit.The cut in import tariffs from 15% to 6% in the last Budget made domestic gold prices more competitive with global rates, encouraging legal imports and boosting its appeal as a long-term investment.
Imports have also risen as investors seek safer options amid overheated stock markets.
During Diwali, demand for gold coins, especially in 20, 50, and 100-gram sizes, exceeded supply, with premium pricing.
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Cryptocurrency Passive Income through Liquidity Pools ✌️【Stock Market】✌️Invest ₹500 and enjoy exponential growth with minimal risk.Traders anticipate quick gains if tariffs rise, while rising global prices reduce the risk of losses even if tariffs stay the same.The India-UAE Comprehensive Economic Partnership Agreement (CEPA), effective from May 1, 2022, has boosted imports of gold,silver, and platinum by offering low-duty access.
Dubai does not mine gold; instead, gold from other countries is minimally processed locally to meet CEPA norms and then routed to India.
Cryptocurrency Passive Income through Liquidity Pools ✌️【Stock Market】✌️Your ₹500 investment can bring you consistent returns every month.To manage this surge, India reduced the Most Favoured Nation duties on gold and silver from 15% to 6% in the 2024 Budget.
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