'Jewellery sales may fall 40-50 tonnes in Jan-Mar on strike'

'Jewellery sales may fall 40-50 tonnes in Jan-Mar on strike'

Jewellery sales is likely to fall by 40-50 tonnes in the January-March period due to the ongoing strike against proposed 1 percent excise duty on non-silver jewellery, according to ICRA

Up against excise duty, bullion traders shut shops for 2nd day

Up against excise duty, bullion traders shut shops for 2nd day

Gold and jewellery establishments in many parts of the country remained closed today for the second day as traders protested against a budgetary proposal to levy 1 per cent excise duty on jewellery.

Jewellers to go on 3-day pan-India strike from today

Jewellers to go on 3-day pan-India strike from today

Jewellers across the country have decided to go on a three-day strike from Wednesday to protest the proposed re-imposition of 1 percent excise duty and mandatory PAN cards for any transactions of Rs 2 lakh and above

Govt hikes import tariff value on gold to $347

The government Wednesday raised import tariff value on gold marginally to USD 347 per 10 grams but reduced it on silver to USD 448 per kg, taking into account global price trend.

Commerce and Industry Ministry for cut in import duty on gold

Commerce and Industry Ministry for cut in import duty on gold

The ministry is working on ways to engage more with the states to boost the outbound shipments.

India's imports of gold-silver alloy may almost double

India's imports of gold-silver alloy may almost double

India`s imports of dore, a semi-pure alloy of gold and silver, are rising fast and could nearly double this fiscal year, the head of the country`s top gold refiner said on Saturday.

UAE raises gold import duty issue with India

The UAE Monday raised the issue of India's high gold import duty affecting its exports to the country even as the two nations agreed on a wide range of steps to boost their economic ties.

Govt further cuts gold, silver import tariff value

Govt further cuts gold, silver import tariff value

Government further slashed the import tariff value of gold to USD 376 per 10 grams and of silver to USD 498 per kg due to weak global prices.

China's gold imports from Hong Kong drop to eight-month low

China`s net gold imports from main conduit Hong Kong fell to an eight-month low in April, data showed on Thursday, as demand for the precious metal eased amid robust equities.

Govt raises import tariff value on gold at $388 per 10 gm

The government Thursday raised import tariff value of gold to USD 388 per 10 grams, taking cues from global price trends.

Government cuts import tariff on gold and silver

The government has slashed import tariff value on gold to USD 375 per 10 grams and silver to USD 512 per kg following weak global price trends.

RBI lifts ban on import of gold coins, medallions by banks

RBI lifts ban on import of gold coins, medallions by banks

The Reserve Bank Wednesday lifted the ban on imports of gold coins and medallions by banks and trading houses.

Exports in January contract by 11.19%, steepest decline in 2-1/2 years

Exports in January contract by 11.19%, steepest decline in 2-1/2 years

Registering the steepest decline in two and a half years, exports contracted by 11.19 percent to USD 23.88 billion in January but trade deficit improved marginally because of cheaper oil imports.

Exports contract by 11.19% to $23.88 bn in January

Exports contract by 11.19% to $23.88 bn in January

India's exports in January contracted by 11.19 percent to USD 23.88 billion while the trade deficit rose from a 10-month low and narrowed the gap to USD 8.32 billion.

Gold discounts widest in 17 months, jewellers anticipate duty cut

Indian gold importers are offering a discount of up to $16 an ounce versus London prices, the widest in 17 months, as jewellers curtail purchases ahead of a possible cut in the import duty.

Gold imports plunge in December

However, gold imports were still higher on a year-on-year basis by 7.4 percent from USD 1.25 billion in December 2013.

RBI may issue clarification on gold imported under 80:20 norms

Gold imports prior to abolition of 80:20 scheme may not be subject to the restrictive provisions imposed by the Reserve Bank to contain import of precious metal.

Govt hikes import tariff value on gold and silver

The government Tuesday raised import tariff value on gold to USD 396 per 10 grams and on silver to USD 561 per kg in line with volatile global price trends.

`Gold still a good long-term investment option`

20 scheme, gold staged a strong comeback this week by rising Rs 840 to close at Rs 27,040 per ten grams, a level last seen on October 30.

Govt may change duty import structure for gold: Rajan

Hinting that government may change duty structure for gold, Reserve Bank Governor Raghuram Rajan today said the 80:20 import curb was scrapped to remove distortions it was creating in the precious metal trade.