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Govt to re-look at gold import curbs after Diwali: Jaitley

Faced with 5-fold rise in gold imports that is pushing up the current account deficit, Finance Minister Arun Jaitley Monday said the government would look at re-imposing curbs on gold imports after Diwali.

Chidambaram advises against lifting curbs on gold imports

Former finance minister P Chidambaram has advocated against lifting of curbs on gold imports, saying the benefits accruing from restrictions would far outweigh problems like spurt in smuggling.

Govt hikes import tariff value on gold & silver

The government on Thursday hiked the import tariff value on gold and silver to USD 426 per 10 grams and USD 650 per kg, respectively, taking cues from firm global prices.

Govt cuts import tariff value on gold, silver

In the second fortnight of May, tariff value on imported gold stood at USD 424 per 10 grams and silver at USD 650 per kg.

Gold prices tumble by Rs 800 to Rs 28,550 per 10 gm

The Reserve Bank yesterday eased gold import norms by allowing select trading houses to procure the precious metal to boost exports.

Govt raises gold's import tariff value

The tariff value is revised on a fortnightly basis after analysing the global price trend.

'Govt working for relaxation of curbs on gold imports'

The commerce ministry Tuesday said the government is working towards relaxation of curbs on the gold imports.

Govt tightens checks to curb gold smuggling

"Government agencies are raiding and seizing gold at various places and asking to reconcile the (gold bar) number with the imported gold," said India Bullion and Jewellers Association (IBJA) general secretary Surendra Mehta.

Gold import curbs to be reviewed by March end: Chidambaram

The restrictions on gold imports will be reviewed by March end, Finance Minister P Chidambaram said Monday.

Curbs on gold imports to stay, at least till March: Mayaram

Restrictions on gold imports are likely to continue until at least March-end, notwithstanding an improvement in the current account deficit situation.

Chidambaram favours continuation of curbs on gold imports

Notwithstanding the likelihood of the current account deficit (CAD) narrowing to less than USD 50 billion, Finance Minister P Chidambaram Monday made a case for continuing some kind of restriction on gold imports.

Gold imports plunges to $650 million in August

Gold imports have fallen sharply to USD 650 million in August on account of a slew of steps taken by government to curb inbound shipments of the precious metal, a development that will help narrow the record current account deficit.

Gold imports rise in July: Chidambaram

Gold imports in India, the world's biggest buyer of the metal, rose in July, Finance Minister P. Chidambaram said on Monday, from 31.5 tonnes shipped in June.

Govt cuts import tariff value of gold, silver

The government Monday slashed the import tariff value of gold to USD 421 per ten grams and that of imported silver to USD 709 per kg, considering the falling trend in global prices.

Gold import curbs may have adverse impact: Trade lobby

A trade body Wednesday said the restriction on import of gold imposed recently by the government may bring short-term benefits but warned it would do more harm than good for the nation in the long run.

No additional steps to curb gold imports: FinMin

Government is not contemplating additional measures to curb gold imports which are expected to drop substantially this month, a senior Finance Ministry official said Tuesday.

Govt could take more steps to curb gold import: Rajan

Within days of hiking import duty on gold, Chief Economic Advisor Raghuram Rajan Monday said government could take more steps to curb demand for the precious metal amidst widening current account deficit.

'No positive impact on sovereign rating from inflation bonds'

Global rating agency Moody's Thursday said the government's decision to issue about Rs 15,000 crore inflation bonds in the current fiscal in its bid to curb demand for gold is unlikely to have any positive impact on the country's rating.

‘RBI curbs on gold to hold rupee in Rs 52-56/$ range’

RBI measures to curb gold imports show that the central bank will try to hold the rupee in the range of Rs 52-56 against the US dollar, Bank of America Merrill Lynch has said.

Curbing gold import may have short-term impact, says WGC

World Gold Council Tuesday said that curbing gold import may have short-term benefit in containing demand, but cautioned that consumers’ appetite for yellow metal will ultimately be fulfilled by the unauthorised grey market.