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Not considering any proposal to cut gold import duty: Fin Min

Last Updated: Friday, February 07, 2014, 18:02

Finance Ministry on Friday said it is not considering any proposal to slash import duty on gold in view of country's Current Account Deficit (CAD) position.

CAD to decline to 2.5%, raises hope of gold import duty cut

Last Updated: Tuesday, January 28, 2014, 15:27

The Reserve Bank on Tuesday said Current Account Deficit (CAD) in this fiscal is expected to decline to below 2.5 percent of GDP from 4.8 percent a year ago, raising hopes of a cut in import duty on gold.

CAD to decline to 2.5%, raises hope of gold import duty cut

Last Updated: Tuesday, January 28, 2014, 15:27

The Reserve Bank on Tuesday said Current Account Deficit (CAD) in this fiscal is expected to decline to below 2.5 percent of GDP from 4.8 percent a year ago, raising hopes of a cut in import duty on gold.

Not much of festival season in India as gold runs dry

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.

Gold imports may fall 11% to 750 tonnes in 2013/14

Last Updated: Wednesday, September 18, 2013, 21:37

India's gold imports could be 750 tonnes in the current fiscal year ending March 31, 2014, a government official said down 11 percent from last year as official measures curb purchases in what has been the world's biggest bullion buyer.

Revenue dept advised to suspend pref gold imports from Thailand

Last Updated: Thursday, March 21, 2013, 14:48

The government has advised the Revenue Department to suspend preferential import of gold jewellery from Thailand, Parliament was informed on Thursday.

Govt looking at more steps to curb gold import: FM

Last Updated: Wednesday, January 30, 2013, 15:01

India is looking at "some other" steps to curb gold import which has led to widening of the Current Account Deficit (CAD), Finance Minister P Chidambaram has said.

Gold rises for third day on sustained buying, global cues

Last Updated: Tuesday, December 25, 2012, 16:26

Gold prices rose by Rs 90 to Rs 31,220 per 10 gm in the national capital today on sustained buying, driven by Christmas festival demand amid a firm Asian cues.

India's gold imports may touch 800 tonne in 2012: WGC

Last Updated: Sunday, November 25, 2012, 11:12

India's net gold imports for domestic consumption are likely to be about 800 tonne this year following a pick-up in momentum during the festival season, according to the World Gold Council (WGC).

Bringing down inflation will check gold import: Rangarajan

Last Updated: Saturday, November 24, 2012, 19:43

"It is always true that whenever inflation remains high, then there will be a lot more investments in land and also in gold. That is why, I think, we should act very quickly to bring the inflation down," Rangarajan said here.

Gold import may drop by 40% in next 4 months: BBA

Last Updated: Tuesday, August 21, 2012, 20:40

The import of gold is likely to decline by 40 percent in the last four months of the year to about 200 tonnes due to fall in demand for the yellow metal amid high prices and poor monsoon, Bombay Bullion Association said on Tuesday.

March gold imports slump to 15-20 tons on shutdown by jewellers

Last Updated: Tuesday, April 03, 2012, 13:27

India's March gold imports slumped by more than half on an annual basis after jewellery retailers shut their doors nearly three weeks ago to protest tax increases on jewellers and gold imports in the federal budget last month, a top industry executive said Tuesday.