The demand for gold across India was about *** metric tons in 2024. This represented an increase of five percent in comparison to the previous year, when the gold demand was *** metric tons. Gold supply Gold demand in India is principally met through imports. India is one of the leading countries for gold imports. In financial year 2022, the value of India’s gold imports was estimated at over *** trillion Indian rupees. The import of gold was a major cause for the country’s trade deficit. To curb imports, the Modi government changed India’s gold import policy. This was done by introducing a higher import duty and allowing import only via nominated agencies which were notified by the Reserve Bank of India and the Directorate General of Foreign Trade. The country produces a minimal amount of its gold needs through local mining. The volume of gold mined in India has remained below * metric tons since financial year 2013, while a small amount is also generated by the recycling the precious metal. Reasons to purchase gold Gold purchases are considered an important source of investment. Weddings and festivals across the country lead to major gold sales. Around ** percent of annual sales come from Deepavali, the Hindu festival of lights. The precious metal is considered auspicious and is worn on important occasions and ceremonies in India, mainly in the form of jewelry. Since 2010, more than *** metric tons of gold jewelry are consumed in the country every year.

Credit unions became authorised deposit-taking institutions (ADIs) under the Banking Act 1959 on 1 July 1999 when responsibility for their prudential regulation shifted from the States and Territories to the Australian Prudential Regulation Authority (APRA). Since 1 July 1999, credit unions have submitted monthly returns to APRA; prior to that date, they submitted returns to the Reserve Bank under the Financial Corporations Act 1974. In September 2001, APRA implemented new reporting forms for credit unions. From October 2001, data are derived from ARF 323.0: Statement of Financial Position (Licensed ADI). Since December 1999, series have only included data for credit unions with total assets greater than or equal to $50 million.

Selected assets:

‘Cash and liquid assets’ is composed of ‘Cash’, ‘Balances with ADIs’ and ‘Other’. None of these items include bills of exchange, bills receivable, remittances in transit or certificates of deposit.

‘Cash’ includes Australian and foreign currency notes and coins, gold coin, gold bullion, and gold certificates held as investments. It excludes loans repayable in gold bullion.

‘Balances with ADIs’ includes deposits at call with Australian resident banks and other ADIs and settlement account balances due from banks and other ADIs, incorporating receivables for unsettled sales of securities.

‘Other’ includes deposits at call with Registered Financial Corporations (RFCs) and other financial institutions, net claims on recognised clearing houses in Australia, securities purchased under agreements to resell, funds held with the Reserve Bank and other central banks, and settlement account balances due from the Reserve Bank, other central banks, RFCs and other financial institutions, incorporating receivables for unsettled sales of securities.

‘Government securities’, ‘ADI securities’, ‘Corporate paper’ and ‘Other securities’ include both trading and investment securities. Trading securities are recorded at net fair value. Investment securities are recorded at cost and adjusted for the amortisation of any premiums and discounts on purchase over the period of maturity.

‘Government securities’ include securities issued by the Australian, State, Territory and local governments and State and Territory central borrowing authority (CBA) securities.

‘ADI securities’ includes securities issued by banks and other ADIs, but not equity investments in parent, controlled or associated entities.

‘Other securities’ includes asset-backed securities, other debt securities and equity securities, other than those issued by ADIs, but not equity investments in parent, controlled or associated entities.

‘Residential’ includes both owner-occupied and investment housing loans to Australian households, net of specific provisions for doubtful debts.

‘Personal’ includes revolving credit for a purpose other than housing, credit card liabilities, lease financing net of unearned revenue, and other personal term loans to Australian households net of specific provisions for doubtful debts.

‘Commercial’ includes loans to public non-financial corporations, private trading corporations, private unincorporated businesses, community service organisations, Australian, State, Territory and local governments, ADIs and other financial institutions, net of specific provisions for doubtful debts. Loans to ADIs and other financial institutions includes loans to the Reserve Bank and other central banks, banks, other ADIs, RFCs, central borrowing authorities, fund managers, stockbrokers, insurance brokers, securitisers, mortgage, fixed interest and equity unit trusts and other financial intermediaries.

Selected Liabilities:

‘Borrowings from ADIs’ includes settlement account balances due to ADIs and both variable and fixed interest rate short-term loans from ADIs. A loan is reported as short-term if its residual term to maturity is one year or less.

‘Deposits’ includes retail transaction call deposit accounts held by households, all other transaction call deposit accounts held by entities other than households, deposits from resident banks, resident non-bank financial institutions and intermediaries such as merchant banks, vostro balances from banks and non-bank financial institutions (NBFIs), the Australian-dollar equivalent of foreign currency deposits, deposits from controlled and associated entities, retail non-transaction call deposit accounts held by households, all other non-transaction deposit call accounts held by entities other than households, term deposits, certificates of deposit and other forms of deposits.

‘Other’ liabilities includes settlement account balances due to RFCs and other financial institutions, securities sold under agreements to repurchase, promissory notes or commercial paper with a residual term to maturity of one year or less, other debt securities with a residual term of one year or less, variable interest rate short-term loans from counterparties other than ADIs, fixed interest rate short-term loans from counterparties other than ADIs, debt securities with a residual term to maturity of more than one year, variable and fixed interest rate loans and borrowings from Australian residents with a residual term to maturity of more than one year, interest accrued but not yet paid, interest received but not yet earned, unrealised losses on trading derivatives, items in suspense and other liabilities not separately identified above. A loan is reported as short-term if its residual term to maturity is one year or less. ‘Other’ liabilities do not include amounts due to clearing houses.

KAV 1774 cover memo. Visit https://dataone.org/datasets/sha256%3Ab67423de321516052baff91054ac21b81482936c288da2ed6c6d4d4f5d409c41 for complete metadata about this dataset.

Consultancy spending undertaken by the Gold Coast Institute of TAFE.

General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

This CD contains the U.S. Exports History: Historical Summary 1991-1995. The export statistics compiled and published on this CD reflect, in general, both government and non-government exports of domestic and foreign merchandise (including non-monetary gold and silver,) from U.S. Foreign Trade Zones, the U.S. Customs districts (includes the 50 States, the District of Columbia and Puerto Rico), and the U.S. Virgin Islands to foreign countries, whether the exportation involves a commercial tran saction or not. The statistics, therefore, include shipments under the Department of Defense Military Sales and Grant-Aid Programs, shipments for economic assistance under the Foreign Assistance Act and shipments under P.L. 480 (The Agricultural Trade Development and Assistance Act of 1954, as amended) and related laws. Note to Users: This CD is part of a collection located in the Data Archive of the Odum Institute for Research in Social Science, at the University of North Carolina at Chapel Hill. The collection is located in Room 10, Manning Hall. Users may check out the CDs, subscribing to the honor system. Items can be checked out for a period of two weeks. Loan forms are located adjacent to the collection.

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