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Gold jewellery exports in FY15 seen jumping by a quarter

Last Updated: Wednesday, June 18, 2014, 17:51

Gold jewellery exports from India are likely to grow by a quarter in the year to March 2015, helped by an expected relaxation of import policy and recovering demand from major consuming countries, the head of a trade body said on Wednesday.

Gold premiums fall to 4-month low on higher supplies

Last Updated: Wednesday, June 18, 2014, 12:50

Gold premiums fell to 25-30 an ounce on London prices, a level last seen in February, from USD 60 charged earlier in June. Premiums hit a record of USD 160 an ounce in December last year.

Shrouding China''s gold trade, more imports go under radar

Last Updated: Wednesday, June 11, 2014, 11:39

Banks have started trial gold imports directly into the Shanghai free trade zone ahead of the launch of a gold exchange there, threatening to further obscure the level of buying by the world`s top consumer.

Gold price may fall below Rs 25,000 per 10 gms

Last Updated: Thursday, June 05, 2014, 11:00

Gold prices are likely to decline below Rs 25,000 per 10 grams in the near term due to easing of import norms amid expectations of reduction in customs duty in the forthcoming Budget.

Emotional Chidambaram bids adieu to Finance Ministry

Last Updated: Thursday, May 15, 2014, 18:15

An emotional P Chidambaram on Thursday bid adieu to the Finance Ministry, which he had served thrice, with a promise that he would continue to remain active in public life.

Gold imports down 74% to $1.75 billion in April

Last Updated: Sunday, May 11, 2014, 11:54

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 price hovers near 2.5-month low on firm equities, fund outflows

Last Updated: Wednesday, April 23, 2014, 10:19

Gold was trading flat at USD 1,284.49 an ounce Wednesday. It fell to a low of USD 1,277.10 on Tuesday - its weakest since Feb. 11.

Gold, silver imports dip 40% to $33.46 billion in 2013-14

Last Updated: Friday, April 11, 2014, 14:39

In March, the imports of the precious metals were down by 17.27 percent to USD 27.58 billion from USD 33.33 billion in the same month previous year.

China imports less gold as demand wanes, currency weakens: Sources

Last Updated: Friday, April 04, 2014, 12:14

The yuan depreciated 2.5 percent in February and March, its biggest two-month loss since China established the domestic foreign exchange market in 1994.

Rajan hints at gradual easing of gold import curbs

Last Updated: Wednesday, April 02, 2014, 19:42

Earlier this week, Finance Minister P Chidambaram had indicated that the government might further ease restrictions on gold imports after the monetary policy.

Govt may further ease restrictions on gold import soon: FM

Last Updated: Monday, March 31, 2014, 19:46

"Let the RBI's monetary policy be announced tomorrow and then we will consider whether some relaxation can be done," he said.

Curbs on gold import norms leading to smuggling: Sharma

Last Updated: Friday, March 21, 2014, 14:59

Commerce and Industry Minister Anand Sharma has favoured a review of curbs on gold import norms saying the restrictions are leading to smuggling.