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Gold price may fall below Rs 25,000 per 10 gms

Last Updated: Thursday, June 05, 2014, 11:00

Gold prices are likely to decline below Rs 25,000 per 10 grams in the near term due to easing of import norms amid expectations of reduction in customs duty in the forthcoming Budget.

Gold imports down 74% to $1.75 billion in April

Last Updated: Sunday, May 11, 2014, 11:54

Gold imports declined over 74 percent to USD 1.75 billion in April due to restrictions imposed by the government on inbound shipments of the precious metal to narrow the current account deficit.

Gold price hovers near 2.5-month low on firm equities, fund outflows

Last Updated: Wednesday, April 23, 2014, 10:19

Gold was trading flat at USD 1,284.49 an ounce Wednesday. It fell to a low of USD 1,277.10 on Tuesday - its weakest since Feb. 11.

Gold price steady after slide as Ukraine fears ease

Last Updated: Wednesday, March 05, 2014, 10:09

Gold was little changed on Wednesday following sharp overnight losses as safe-haven buying cooled on easing fears of imminent military action by Russia in Ukraine.

Gold imports rise again, reach 38 tonnes in Jan

Last Updated: Wednesday, February 26, 2014, 16:39

Gold imports have started increasing again and rose to 38 tonnes in January, from a low of 3 tonnes in August, which prompted RBI and the government to continue with the restrictions on its inward shipments.

Gold prices fall by Rs 175 to Rs 30,225 per ten grams

Last Updated: Monday, December 23, 2013, 16:40

In Mumbai, gold 99.9 and 99.5 percent purity traded at Rs 29,850 and Rs 29,700 per ten grams, respectively, while silver enquired at Rs 44,400 per kg.

Gold industry conference delegates predict bullion rally

Last Updated: Wednesday, October 02, 2013, 18:56

Gold prices, which have fallen more than 20 percent this year, are expected to have rebounded to USD 1,405 an ounce by November 2014, delegates to the London Bullion Market Association's annual conference forecast on Tuesday.

Deadlock over RBI's 80:20 gold import norm ends

Last Updated: Friday, September 20, 2013, 18:21

India's gold imports in August dipped to USD 0.65 billion from USD 2.9 billion in July, and a record USD 8.4 billion in May.

Gold imports to start immediately: Trade ministry source

Last Updated: Friday, September 20, 2013, 17:26

India's gold imports will resume immediately after a two-month gap as the government and banks sorted out how new rules on overseas purchases should work at a high-level meeting on Friday, a trade ministry source told reporters.

Gold imports may fall 11% to 750 tonnes in 2013/14

Last Updated: Wednesday, September 18, 2013, 21:37

India's gold imports could be 750 tonnes in the current fiscal year ending March 31, 2014, a government official said down 11 percent from last year as official measures curb purchases in what has been the world's biggest bullion buyer.

Gold at one-month low; demand slightly up

Last Updated: Friday, September 13, 2013, 16:26

Gold price hit a low of 29,636 rupees earlier in the day, a level last seen on August 16.

Trade deficit falls to $12.2 bn in June; exports down 4.56%

Last Updated: Friday, July 12, 2013, 14:59

Subdued import of gold and silver pulled down the trade deficit in June to USD 12.2 billion despite 4.56 percent contraction in exports during the month.