Gold imports jump 4x in a month's time; Switzerland, UAE lead: Report

India's gold imports jumped more than fourfold to about $12.1 billion in January, compared to December 2025, Moneycontrol reported. This was led by a nearly sevenfold rise in shipments from Switzerland and a 43% increase from the UAE under trade pact. The surge boosted the merchandise import value and sent the trade deficit to a three-month high of $34.7 billion.