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Govt has no proposal to reduce gold import duty

Govt has no proposal to reduce gold import duty

Last Updated: Friday, July 25, 2014, 12:59

India, desperate to trim a gaping current account deficit, took a slew of measures last year to curb demand for bullion, its second-biggest import after oil.

Gems and jewellery exports dip 4% to $3.59 bn in Feb

Last Updated: Thursday, March 13, 2014, 17:33

Declining for the fourth month in a row, gems and jewellery exports in February fell by 4.15 percent to USD 3.59 billion due to sluggish demand in key markets such as the US and Europe.

India's gems and jewellery imports up by 8% in January

Last Updated: Thursday, March 06, 2014, 15:13

Import of gold bars fell 30 percent to Rs 2,824.56 crore from Rs 4,037 crore in January 2013.

Gold still showing no sign of losing its sheen in India

Last Updated: Sunday, December 22, 2013, 21:03

Steady demand, despite import restrictions, saw gold prices swaying between Rs.26,440 per 10 grams in April to Rs.34,600 per 10 grams in August.

RBI for removal of restrictions on gold import

Last Updated: Wednesday, December 18, 2013, 14:09

CAD, which is the difference between the inflow and outflow of foreign currency, had touched a record high of USD 88.2 billion or 4.8 percent of GDP last fiscal.

Indian 2014 gold imports seen at half usual levels: Trade body

Last Updated: Friday, December 06, 2013, 19:54

Indian gold imports may fall 70 percent in the final quarter of 2013 from 255 tonnes in the year-ago period and are expected to be half usual levels at 500-550 tonnes next year if new import rules are maintained, a top trade body official said on Friday.

Jewellery scrips in demand after hike in import duty of gold

Last Updated: Wednesday, September 18, 2013, 13:56

Shares of jewellery makers Wednesday ended the day with up to 4.5 percent gain after the government increased import duty on gold and silver to 15 percent from 10 percent to protect the domestic industry.

Import duty on gold, silver jewellery hiked to 15%

Last Updated: Tuesday, September 17, 2013, 19:33

The government Tuesday increased the import duty on gold and silver jewellery to 15 percent from 10 percent to protect the domestic industry, although it would make ornaments more expensive for consumers.

Why is gold coming back in style?

Last Updated: Saturday, September 07, 2013, 10:54

The yellow metal rallied to its highest in more than three months around USD 1,433 in late August on safe-having buying.

FinMin not contemplating more import curbs to tame CAD

Last Updated: Friday, August 16, 2013, 18:39

Finance Ministry on Friday said it is not planning hike in duties of any more non-essential items as restrictions on imports of gold, silver and platinum are enough to tame Current Account Deficit (CAD).

Gold futures gain further as govt raises import duty

Last Updated: Tuesday, August 13, 2013, 17:47

Gold maintained its rising streak with prices quoting above psychological Rs 29,000 per ten gram in futures trade Tuesday after the government raised import duty on the precious metal.

Gold prices to jump by Rs 600 after duty hike

Last Updated: Tuesday, August 13, 2013, 17:45

Gold will become costlier by about Rs 600 per 10 grams following government's decision to hike customs duty on the precious metal, according to jewellers and bullion traders.