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India's gold imports drop 80.48% to $972.9 million in March

India's gold imports drop 80.48% to $972.9 million in March

India's gold imports in March slumped by 80.48 percent to USD 972.9 million as higher prices and jewellers' strike curbed demand.

Second tranche of gold bond scheme 200% more successful over first tranche

Second tranche of gold bond scheme 200% more successful over first tranche

The second tranche of the sovereign gold bond scheme has seen better subscription than the first one, a rise of more than 200 percent over the first tranche, which was announced in November 2015.

Gold imports likely to touch 1,000 tonnes this year, up 11%

Gold imports likely to touch 1,000 tonnes this year, up 11%

Buoyed by sharp fall in gold prices globally, India is likely to see a jump of 11 percent in imports of the metal to 1,000 tonnes this year.

 

Gold imports dip 45.6% to $2.05 billion in September

Gold imports dip 45.6% to $2.05 billion in September

After recording a sharp rise in August, gold imports dipped 45.62 per cent to USD 2.05 billion in September, a development that will help check the country's Current Account Deficit (CAD).

India imports 60 tonnes gold so far in May: Report

India, the world's biggest gold consumer, has imported 60 tonnes of the yellow metal so far in May, a television channel reported on Friday quoting Revenue Secretary Shaktikanta Das.

Gold imports down in Dec, says trade body

In the first half of December, gold imports were at 22 tonnes. In the previous month, gold imports stood at 151 tonnes, All India Gems and Jewellery Federation Chairman Haresh Chamanbhai Soni told PTI.

Gold imports down 74% to $1.75 billion in April

Gold imports declined over 74 percent to USD 1.75 billion in April due to restrictions imposed by the government on inbound shipments of the precious metal to narrow the current account deficit.

Gold imports rise again, reach 38 tonnes in Jan

Gold imports have started increasing again and rose to 38 tonnes in January, from a low of 3 tonnes in August, which prompted RBI and the government to continue with the restrictions on its inward shipments.

Govt can take more steps, if needed, to curb gold imports: FM

Worried over widening current account deficit (CAD), the government Monday indicated that it could take more steps to check gold imports.

Govt expects drop in gold imports by next month

Terming 138 percent surge in gold imports last month as an "aberration", the government on Tuesday expressed the hope that appetite for foreign gold would subside by next month due to the high inventory costs.

Gold imports down 12% in Apr-Feb 2012-13

Gold imports declined 11.8 percent to USD 50 billion (around Rs 2.7 lakh crore) in the April-February period of 2012-13 due to measures taken to curb the demand of the precious metal, government said on Friday.

Gold imports at $42 billion during Apr-Jan

The government on Friday said gold imports have increased in recent years and were valued at USD 42 billion in the April-January period of the current fiscal.

Govt cuts import tariff values of gold, silver

The government on Friday slashed the import tariff value of gold to USD 535 per 10 gram and reduced the rate for silver marginally to USD 1,003 per kg due to weakening global prices of precious metals.

Gold import may rise to 215 tonnes in March quarter

The country had imported 207 tonnes of gold in the March quarter last year.

'Gold imports likely to have risen in Oct-Dec quarter'

Gold imports is likely to have increased in the October-December quarter and the uptrend is likely to continue in the coming months as well, Kotak Mahindra Bank said in a research note.

RBI panel looking into alternative to gold imports

With gold imports contributing substantially to India's current account deficit (CAD), an RBI panel is looking into the aspects of devising some alternative routes, a top official of the central bank said on Thursday.