Govt Says India-UAE FTA Impact On Gold Imports Negligible, Under 1 Tonne Via Tariff Quota
Commerce Secretary downplays concerns over India-UAE CEPA, noting less than one tonne of gold entered via the tariff quota. UAE inflows have offset declines from Switzerland. April 2026 gold imports rose to $5.63 billion from $3.1 billion a year earlier, driven by higher prices rather than volume increases.
Commerce Secretary says India-UAE FTA has had negligible impact on gold imports, with under one tonne entering via tariff quota. UAE inflows offset Switzerland declines. April 2026 gold imports rose to $5.63 billion on higher prices, not volume.