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India's trade deficit rises to $10.9 billion in April

Last Updated: Friday, May 09, 2014, 17:27

India's exports was up by 5.26 percent in April to USD 25.63 billion.

Govt tightens checks to curb gold smuggling

Last Updated: Monday, March 03, 2014, 13:03

"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.

Trade deficit narrows on 77% drop in gold imports

Last Updated: Tuesday, February 11, 2014, 17:01

The trade deficit stood at $9.92 billion last month compared with $10.14 billion in December.

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

Last Updated: Sunday, February 02, 2014, 13:11

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

Last Updated: Tuesday, December 24, 2013, 15:42

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

Last Updated: Sunday, December 08, 2013, 12:27

"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.

Indians may import record volumes of silver

Last Updated: Wednesday, October 09, 2013, 09:42

Higher silver demand in the world's biggest buyer may help support prices, which have fallen almost 30 percent this year on the international market.

Govt hikes tariff value on imported gold; cuts on silver

Last Updated: Tuesday, October 01, 2013, 17:12

Taking cues from global price movements, the government today raised the import tariff value of gold to USD 436 per 10 grams, while reducing it on imported silver to USD 702 per kg.

Gold imports to rise by 20% in Apr-June to about 183.6 ton

Last Updated: Thursday, April 18, 2013, 19:48

India's gold imports are likely to go up by 20 percent to around 183.6 tonne in April-June quarter due to rise in demand triggered by weak prices, a trade body 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.