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Gold premiums in India fall to 4-month low on talk of import duty cut

Last Updated: Friday, February 14, 2014, 18:29

Gold premiums in India, the world`s second-biggest consumer of the metal after China, fell 17 percent on Friday to their lowest in four months as buyers postponed purchases on speculation over a possible cut in import duty next week.

Indian gold premium near record high of over $130 per ounce

Last Updated: Wednesday, December 04, 2013, 16:27

Gold demand in India was robust on Wednesday, but limited supplies were forcing jewellers to pay near-record premium.

Why India’s gold has outperformed global prices

Last Updated: Wednesday, August 28, 2013, 15:30

The depreciation in rupee has cast a huge impact on the escalation of gold prices as it makes imports costlier.

India moves closer to gold import quota curb demand

Last Updated: Wednesday, July 24, 2013, 16:25

By tying gold imports directly to export volumes, India is effectively trying to cap how much bullion can be brought into the country, tightening supplies and driving up local prices.