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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.

Gold premiums in India halve on hopes of easier import rules

Last Updated: Friday, May 30, 2014, 15:38

Indian premiums fell to USD 30-USD 40 an ounce over the global benchmark, from USD 80-USD 90 last week.

Gold-hungry traders tap Indians living abroad

Last Updated: Tuesday, December 24, 2013, 23:41

Gold premiums in India rose to a record USD 160 per ounce on London prices earlier in December.

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.

Gold imports likely to drop 40% to 500 tonnes in FY14

Last Updated: Sunday, November 17, 2013, 13:14

India's gold imports are likely to fall by 40 percent to 500 tonnes in the current financial year, providing relief to the government, which is trying to narrow the current account deficit and stabilise the rupee.

India's gold demand to rise by 15% in Q4 2013: WGC

Last Updated: Tuesday, October 08, 2013, 18:31

India's gold demand is likely to increase by over 15 percent during the last quarter of this year to up to 300 tonne from last year on account of good monsoon and 20 percent more auspicious days this festival season, the World Gold Council (WGC) said Tuesday.

Gold imports to rise by 20% in Apr-June to about 183.6 ton

Last Updated: Thursday, April 18, 2013, 19:48

India's gold imports are likely to go up by 20 percent to around 183.6 tonne in April-June quarter due to rise in demand triggered by weak prices, a trade body said.

Gold rises for third day on sustained buying, global cues

Last Updated: Tuesday, December 25, 2012, 16:26

Gold prices rose by Rs 90 to Rs 31,220 per 10 gm in the national capital today on sustained buying, driven by Christmas festival demand amid a firm Asian cues.

Gold tumbles on weak futures trend, firm rupee

Last Updated: Friday, November 30, 2012, 16:17

Gold prices tumbled by Rs 840 to Rs 32,100 per 10 gm in the national capital Friday on reduced offtake along with a weak trend in futures trade on ending monthly settlement amid a firming rupee.

India's gold imports may touch 800 tonne in 2012: WGC

Last Updated: Sunday, November 25, 2012, 11:12

India's net gold imports for domestic consumption are likely to be about 800 tonne this year following a pick-up in momentum during the festival season, according to the World Gold Council (WGC).

Bringing down inflation will check gold import: Rangarajan

Last Updated: Saturday, November 24, 2012, 19:43

"It is always true that whenever inflation remains high, then there will be a lot more investments in land and also in gold. That is why, I think, we should act very quickly to bring the inflation down," Rangarajan said here.

China set to overtake India in gold imports this year: WGC

Last Updated: Thursday, November 15, 2012, 17:59

Even as gold demand has picked up in the country during quarter ended September, China may still become the largest importer of the precious metal by the end of this year, overtaking India marginally, the World Gold Council said Thursday.