Gold prices in India back at discount on weak demand

Gold prices in India swung to a discount to the global benchmark this week for the first time since mid July as a weak monsoon dampened demand in the world`s second-biggest consumer.

UAE raises gold import duty issue with India

The UAE Monday raised the issue of India's high gold import duty affecting its exports to the country even as the two nations agreed on a wide range of steps to boost their economic ties.

India, China account for 54% of total gold demand during Q1

India and China accounted for 54 percent of the total global gold consumer demand in the first quarter of this year, according to a report.

April-December gold imports stood around $26 bn

India imported gold worth nearly $26 billion during the April-December period of the current fiscal 2014-15, parliament was informed on Tuesday.

Govt to announce curbs on gold import in a day or two: Sources

In the wake of surge in gold imports, the government would soon impose some curbs on its inward shipment to prevent current account deficit (CAD) from going out of hand.

FinMin holds review meeting, may tighten gold import norms

Worried over surge in gold imports, the government is contemplating to put curbs on inward shipments of the precious metal by big private agencies.

India October gold imports surge to about 150 tonnes: Report

India`s gold imports surged to about 150 tonnes in October, Bloomberg said in a tweet, a volume that could pressure the government to tighten curbs on shipments of the metal.

Govt has no proposal to reduce gold import duty

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 imports likely to drop 40% to 500 tonnes in FY14

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

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

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

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

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

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

"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

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.

Bullion imports may drop 29% to $44 bn in FY'13

Bullion imports are expected to fall by about 29 percent this fiscal to USD 44 billion, the Prime Minister Economic Advisory Council said in a report released on Friday.

'Gold imports could rise by 20% in second half'

The second half of this year may see 20 percent increase in gold imports to 300 tonnes over the first six months, a bullion association has said.

Gold and silver imports decline 33% in April

Gold and silver imports fell sharply by 33 percent in April at USD 3.1 billion following a prolonged strike by jewellers who protested levy of excise duty on unbranded jewellery and hike in customs duty.

March gold imports slump to 15-20 tons on shutdown by jewellers

India's March gold imports slumped by more than half on an annual basis after jewellery retailers shut their doors nearly three weeks ago to protest tax increases on jewellers and gold imports in the federal budget last month, a top industry executive said Tuesday.