India's gold imports saw a significant increase of 28.73%, reaching $69 billion during the April-February period of the fiscal year 2025-26, compared to $53.52 billion in the previous year. This rise is attributed to high prices of gold, which are currently around ₹1,51,500 per 10 grams in the national capital. As a result, the country's trade deficit expanded to $310.60 billion, up from $261.80 billion in the same period last year. The current account deficit (CAD) also rose to $13.2 billion, or 1.3% of GDP, in the December quarter, influenced by the increased trade deficit. Notably, silver imports surged 142.87% to $11.43 billion, reflecting its industrial demand. In response to the rising import costs, the Indian government recently imposed restrictions on the import of gold, silver, and platinum articles.