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Friday, April 10, 2020

Gold imports

GOLD IMPORTS NEWS

Gold imports dip 6.77 per cent during Apr-Dec 2019

January 27, 2020 10:35 am

The decline in gold imports has helped in narrowing the country's trade deficit to USD 118 billion during the period, against USD 148.23 billion a year ago.

India’s gold imports slide for a fifth month as economy slows

December 06, 2019 6:16 pm

Imports in the world’s second-biggest consumer have been falling as jewellers have been cutting purchases on poor demand. Slowing growth and a more than 20% rally in prices this year are expected to push India’s domestic consumption to the weakest since 2016.

Gold imports up 4 per cent to USD 17.63 billion in Apr-Sep 2018-19

October 19, 2018 1:22 pm

To mitigate the negative impact of gold imports on trade deficit and CAD, the government took certain measures to cut the inbound shipments of the yellow metal.

Exports slide for ninth straight month in August

September 16, 2015 10:37 am

However, the deficit has narrowed as compared with July, when the figure stood at $12.81 billion. Imports, too, declined by 9.95 per cent to $33.74 billion.

The thing with gold

September 14, 2015 12:45 am

Gold monetisation schemes may not take off immediately. Yet their introduction is sound policy

FinMin finalising gold monetisation scheme

June 04, 2015 1:56 am

Sources said finance ministry is in talks with the RBI to finalise modalities of the scheme under which banks would also be permitted to deposit the gold as part of their CRR and SLR requirements.

Ballooning trade deficit pulls R to 13-month low at 63.64

December 17, 2014 1:11 am

Sensex records steep 538-point drop on currency, falling crude.

Golden rule

December 02, 2014 12:32 am

Scrapping gold import curbs was overdue. In future, steer clear of measures that signal financial repression

Govt set to impose fresh curbs to stem surge in gold imports

November 19, 2014 12:46 am

The finance ministry is considering bringing back the provisions of the 80:20 scheme, relaxed in May.

Exports growth hits 5-month low in Aug; trade gap widens

September 16, 2014 12:58 am

Gold imports nearly tripled to $2.03 billion in August from $738.7 million a year ago.