Why India's Old Gold Is Its Most Underused Resource, And What Tanishq Is Doing About It
May 28, 2026
New Delhi [India], May 28: The conversation usually starts with imports. According to SBI Research, India's gold import bill rose from $57.9 billion in FY25 to an all-time high of $72.4 billion in FY26, driven almost entirely by rising global prices rather than growing demand. In fact, import volumes actually declined by nearly 5% in the same period. India spent more dollars for less gold. That gap between value and volume tells a story about price dependency that economists have been warning about for years.
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