close
This ad will auto close in 10 seconds

Gold imports dip almost 37% to $1.96 bn in June

Imports of the precious metal stood at USD 3.12 billion in the same month of 2014. In May this year, the imports were worth USD 2.42 billion.

Gold import likely to be less than 500 tonne in FY14: GJF

The total sales are likely to decline by 25-30 percent this fiscal compared to last year as the market did not have enough variety to woo the customers, he said.

Anand Sharma for easing gold import norms to check smuggling

Advocating relaxation of gold import norms to check smuggling, Commerce and Industry Minister Anand Sharma said the government will take action at an appropriate time.

Gold imports may fall to 500 tonne in 2014: Traders

"We are expecting gold imports to decline by 20-30 percent to around 500 tonne in 2014, from around 650-700 tonne estimated this year," All India Gems and Jewellery Trade Federation (GJF) director Bachhraj Bamalwa said.

Gold rises for third day on sustained buying, global cues

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

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

"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.