The association also indicated that there have been no imports of dore gold for the past three months, pointing to a significant supply squeeze. Dore refers to an unrefined gold-silver alloy sourced from mines that is later refined into pure gold.
Further, reports suggest that gold import applications have been rejected since 1 April 2026, with exceptions only for MMTC and the India International Bullion Exchange. This has effectively narrowed official import channels.
MMTC, a government-owned trading enterprise, is engaged in the import and export of precious metals, coal and other commodities.
On a consolidated basis, MMTC's net profit soared 1164.21% to Rs 46.27 crore while net sales rose 36% to Rs 0.34 crore in Q3 December 2025 over Q3 December 2024.
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