Last Updated: Thursday, December 05, 2013, 16:35
Indian gold premiums hit another record on Thursday, driven by lower supplies to meet firm demand for weddings, which will continue till May.
Last Updated: Wednesday, December 04, 2013, 13:27
The World Gold Council estimates that 150 to 200 tonnes of smuggled gold will enter India in 2013, on top of the 900 tonnes of official demand.
Last Updated: Friday, November 29, 2013, 20:05
The government Friday slashed the import tariff value on gold and silver to USD 405 per ten gram and USD 642 per kg, respectively, in line with global trends.
Last Updated: Wednesday, November 27, 2013, 16:24
Demand in China, set to overtake India as the biggest gold consumer this year, has hit record highs as gold prices have fallen about a quarter in 2013 - their first decline in 13 years.
Last Updated: Wednesday, November 27, 2013, 12:41
Gold last traded up 0.2 percent at USD 1,245.59 an ounce Wednesday after dropping 0.7 percent in the previous session.
Last Updated: Monday, November 25, 2013, 15:07
Exports of gold jewellery from India fell 6.9 percent on month in October to USD 608.95 million, an industry body said on Monday.
Last Updated: Friday, November 01, 2013, 21:37
Gold imports rose to 23.5 tonnes in October from 11.164 tonnes in September.
Last Updated: Friday, November 01, 2013, 19:25
A scarcity of gold and high prices are pushing Indians to look to silver or diamond jewellery as alternative gifts this festive season, adding to the gloom in the gold trade after government measures to restrict imports.
Last Updated: Friday, November 01, 2013, 15:09
The government on Friday slashed the import tariff value of gold to USD 440 per ten gram and raised it on silver to USD 738 per kg, in line with global prices of the precious metals.
Last Updated: Friday, November 01, 2013, 11:24
Squeezed by government rules meant to curb a surge in gold imports, India`s bullion industry is shrinking, with banks and others opting to redeploy personnel for now but possibly facing big job cuts in coming months.
Last Updated: Wednesday, October 30, 2013, 18:41
Gold traders in India, the world's biggest buyer of the metal, struggled to find supplies amid low demand ahead of Dhanteras, the biggest gold buying festival, even as premiums stayed at record highs.
Last Updated: Friday, October 25, 2013, 13:09
HSBC said the country's CAD is at an unsustainable level, and expected to gradually decline in the coming years and in 2014-15, it is likely to be at 3.2 percent of GDP.
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