Gold Monetisation Scheme mobilises 2.8 tonnes so far

Gold Monetisation Scheme mobilises 2.8 tonnes so far

The government has so far collected 2.8 tonnes of gold under the Gold Monetisation Scheme (GMS), which has been in force for a little over six months, Parliament was informed on Tuesday.

Temples, trusts deposit 1,512 kg gold under GMS: Sinha

Temples, trusts deposit 1,512 kg gold under GMS: Sinha

Banks have collected about 1,500 kg of gold from temples and trusts under the Gold Monetisation Scheme (GMS) since its launch last November.

CAD to widen to $25 billion in FY17 on surge in gold imports, sluggish exports: Report

What may cause concerns for the Indian economy, country's current account deficit (CAD) is likley to widen to USD 25 billion this year from USD 20 billion in 2015-16 due to slowness in exports and sudden surge in gold imports, as per a report released on Friday.

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.

India's gold imports drop 16% in FY 2015-16: Report

India's gold imports drop 16% in FY 2015-16: Report

The world`s second biggest consumer imports in March slumped to 18 tonnes from 125 tonnes in the previous year.

India's February gold imports drop 34%

India`s gold imports in February fell 34 percent compared with the same period last year, news agency NewsRise Financial reported on Monday, citing a government official, as high prices and hopes for a cut in import taxes kept buyers away.

Gold imports contract 29.5% to $1.39 bn in February

Gold imports contract 29.5% to $1.39 bn in February

After a sharp rise in January, gold imports in February declined 29.49 percent to USD 1.39 billion, which is expected to keep a lid on the country's current account deficit (CAD).

India's February gold imports seen at lowest since 2013

India's February gold imports seen at lowest since 2013

India`s imports of the metal are expected to drop to 25 tonnes in February, according to a median of estimates from five industry participants, including bank dealers and traders.

Gold imports up 85% to nearly $3 billion in January

Gold imports up 85% to nearly $3 billion in January

Driven by dip in global prices, India's gold imports increased by 85.16 percent to USD 2.91 billion last month.

Modi govt mobilises 900 kgs of gold under monetisation scheme

Modi govt mobilises 900 kgs of gold under monetisation scheme

The Gold Monetisation Scheme, which had not picked up initially, was fine-tuned to make it more attractive and convenient to encourage entities holding idle gold to participate in the scheme.

 

Exports contract for 13th month in a row in Dec '15; gold imports rise to $3.8 bn

Exports contract for 13th month in a row in Dec '15; gold imports rise to $3.8 bn

Imports too plunged 3.88 percent to USD 33.9 billion in December.

Gold imports lose steam, fall 36.5 pc to $3.5 bn in Nov

Gold imports lose steam, fall 36.5 pc to $3.5 bn in Nov

Gold imports shrank 36.5 percent to USD 3.53 billion in November on the back of falling prices of the yellow metal, something that will keep the country's current account deficit (CAD) in check.

Gold imports in Apr-Sept at 528 tonnes

Gold imports in Apr-Sept at 528 tonnes

India imported over 528 tonnes of gold, worth Rs 1.12 lakh crore, between April-September this year, Minister of State for Finance Jayant Sinha has said.

India's current account deficit to be 1% of GDP in FY'16: Citi

India's current account deficit to be 1% of GDP in FY'16: Citi

India's current account deficit (CAD) is likely to be about 1 percent of the GDP in the current fiscal because of low crude prices and contained gold imports, says a Citigroup report.

Gold imports decline in September

The imports shrunk 45.62 percent in September to USD 2.057 billion as against USD 3.783 billion in the similar month last year.

Mandi Live: Rise in gold import

Mandi Live: Rise in Gold Import

The import of gold increases by 140%. In the month of August, $4.95 Arab gold was imported. The import of silver increases by 44%.
The price of crude on MCX has risen by 1%.

Gold imports jump 140% to $4.95 bn in August

Gold imports jump 140% to $4.95 bn in August

Gold imports more than doubled to USD 4.95 billion in August, driven by dip in global prices and higher domestic demand in view of forthcoming festival season.

Govt cuts import tariff on gold, silver

The government on Tuesday slashed the import tariff value on gold and silver to USD 359 per 10 grams and USD 470 per kg respectively, following weak global cues.

Gold imports cross 120 tonnes in Aug, highest so far in FY16

Gold imports stood at 89 tonnes in July 2015. In August last year, the figure was 50 tonnes.

Drought dents India gold demand; prices still appealing

Nearly two-thirds of India`s gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.