Last Updated: Friday, December 06, 2013, 19:54
Indian gold imports may fall 70 percent in the final quarter of 2013 from 255 tonnes in the year-ago period and are expected to be half usual levels at 500-550 tonnes next year if new import rules are maintained, a top trade body official said on Friday.
Last Updated: Thursday, December 05, 2013, 16:35
Indian gold premiums hit another record on Thursday, driven by lower supplies to meet firm demand for weddings, which will continue till May.
Last Updated: Wednesday, December 04, 2013, 13:27
The World Gold Council estimates that 150 to 200 tonnes of smuggled gold will enter India in 2013, on top of the 900 tonnes of official demand.
Last Updated: Friday, November 29, 2013, 20:05
The government Friday slashed the import tariff value on gold and silver to USD 405 per ten gram and USD 642 per kg, respectively, in line with global trends.
Last Updated: Friday, November 29, 2013, 16:00
Anand Sharma also said that India will remain positively engaged with the other WTO members on farm subsidy and other issues, including Trade Facilitation Agreement (TFA).
Last Updated: Friday, November 29, 2013, 14:01
In the first ten months, China's purchases from Iran were down 3.4 percent at 409,976 bpd.
Last Updated: Thursday, November 28, 2013, 17:08
Energy-hungry China would replace the US as the world's largest oil importer by the 2020s followed by India, according to a report that said emerging economies are poised to claim most of the global energy supplies.
Last Updated: Wednesday, November 27, 2013, 16:24
Demand in China, set to overtake India as the biggest gold consumer this year, has hit record highs as gold prices have fallen about a quarter in 2013 - their first decline in 13 years.
Last Updated: Wednesday, November 27, 2013, 12:41
Gold last traded up 0.2 percent at USD 1,245.59 an ounce Wednesday after dropping 0.7 percent in the previous session.
Last Updated: Monday, November 25, 2013, 20:58
"India has maintained strong historic links with Iran and any step that makes it easy for Iran to engage economically with the rest of the world would help us in sourcing of oil imports from Iran," Ficci President Naina Lal Kidwai said.
Last Updated: Monday, November 25, 2013, 17:10
India is likely to resume paying Iran in Euros after a historic accord between western super powers and the Persian Gulf state made it easier to import crude oil from one of its biggest
Last Updated: Monday, November 25, 2013, 15:07
Exports of gold jewellery from India fell 6.9 percent on month in October to USD 608.95 million, an industry body said on Monday.
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