Last Updated: Monday, December 09, 2013, 21:55
The Finance Ministry has said incidence of gold smuggling has increased due to hike in import duty and fluctuation in global prices.
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 22, 2013, 17:28
Gold premiums in India steadied on Friday on scarcity of stocks or domestic consumption despite muted demand, amid steady prices in the domestic market.
Last Updated: Sunday, November 17, 2013, 13:14
India's gold imports are likely to fall by 40 percent to 500 tonnes in the current financial year, providing relief to the government, which is trying to narrow the current account deficit and stabilise the rupee.
Last Updated: Saturday, November 02, 2013, 09:36
Gold shipments are down as import duty has been hiked to 10 percent from 8 percent to address the ballooning current account deficit situation.
Last Updated: Friday, November 01, 2013, 19:25
A scarcity of gold and high prices are pushing Indians to look to silver or diamond jewellery as alternative gifts this festive season, adding to the gloom in the gold trade after government measures to restrict imports.
Last Updated: Tuesday, October 22, 2013, 17:22
The government has set a record 10 percent import duty on gold and imposed a rule that requires 20 percent of imports to be re-exported, meaning importers need to find a buyer who will guarantee those exports before bringing in any gold.
Last Updated: Wednesday, October 09, 2013, 18:56
Gold and silver imports fell by over 80 percent to USD 0.8 billion in September on account of a slew of measures taken by the government to curb inbound shipments of the precious metal, a development that will help narrow the record current account deficit.
Last Updated: Wednesday, October 02, 2013, 13:56
Indian jewellers, long spoiled by access to the world's largest group of gold consumers, must seek expansion overseas after the authorities tied gold imports to exports. But the path will not be easy.
Last Updated: Thursday, September 19, 2013, 08:47
Gold imports were 845 tonnes in the last fiscal year, Finance Minister P Chidambaram said in July.
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