Gold import

Gold import News

‘Phenomenal’ rise in India’s gold imports a concern: Trade secy

A ‘phenomenal’ rise in India’s gold imports is a concern and the government will watch the impact...

Gold imports up 6-fold, trade deficit hits 18-month high

Exports grew by 7.27 per cent to $25.96 billion after shrinking by a little over 5 per cent in October.


Removal of import curbs to improve official supplies: World Gold Council

With the easing of gold import restrictions, the metal’s supply through official channels will improve

Removal of import curbs to improve official supplies: WGC

The govt scrapped a scheme under which it was mandatory for importers to export 20 pct of the gold they imported.

Govt to take ‘imminent steps’ to curb surging gold imports as trade deficit fears rise

India is likely to announce measures to curb gold imports as early as Tuesday...

Differential gold import levies may cost India $3 bn: Report

Currently, import duty on refined gold is 10.30% while that on unrefined gold is 8.24%.


Export growth at seven-month high in May, gold import falls 72%; Govt not calling a ‘revival’ yet

The WTO upgraded the trade forecast for 2014 to 4.7 per cent from 4.5 per cent, though still below the 20-year average of 5.3 per cent.

Govt may ease but not shelve gold import curbs

The finance ministry may lower the import duty on gold to 8 per cent from the current rate of 10 per cent.

Gold snaps three-day rally,price falls by Rs 130 to Rs 30,360

Silver price also falls by Rs 180 to Rs 45,320 per kg on reduced offtake.

Gold futures rise by Rs 246 to Rs 28,664 on global cues

Globally,gold in Singapore climbed to USD 1,224.09 an ounce from USD 1,205.65 on December 31.