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Gold demand set to rise, Modi seen easing import curbs

May 21, 2014

Gold demand set to rise, Modi seen easing import curbs

India's gold demand is likely to pick up in the second half of the year as curbs on bullion imports are expected to be eased by the country's new government, the World Gold Council (WGC) and other industry officials said on Tuesday. #World #India #BJP #Narendra Modi #NewsTracker #World Gold Council #Somasundaram PR #Albert Cheng
Pak bans gold imports again to curb smuggling into India

Jan 21, 2014

Pak bans gold imports again to curb smuggling into India

It said the ban would be for 30 days and exports, mostly jewellery, would not be restricted. Pakistan last banned imports for a month in August, 2013. #India #Gold #Pakistan #NewsTracker #World Gold Council #import #Smuggling
Government asks jewellers for gold purchase information to check smuggling

Jan 16, 2014

Government asks jewellers for gold purchase information to check smuggling

India has been trying to curtail shipments of gold, the second-biggest import bill after crude oil, as it seeks to curb a gaping trade deficit. The country last year raised import duty to 10 percent and tied gold imports to jewellery exports. #Inflation #Gold #NewsTracker #Income Tax Department #World Gold Council #Calicut Bullion Dealers Association #All India Gems & Jewellery Trade Federation
Bridal budgets hit by national gold tax this wedding season

Dec 27, 2013

Bridal budgets hit by national gold tax this wedding season

Thanks to the new tax and weaker rupee, that's about a 20 percent premium over the world market price, hovering just under $1,200 an ounce. #Inflation #India #China #Gold #NewsTracker #World Gold Council #Smuggling #CAD
China may topple India to become world's largest gold consumer

Nov 15, 2013

China may topple India to become world's largest gold consumer

China is this year set to usurp India as the world's biggest gold consumer by a convincing margin as strict import rules introduced by New Delhi bite, forecasts from the World Gold Council showed on Thursday. #India #China #Business #WhyNow #Gold #World Gold Council #Gold demand

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China may topple India to become world's largest gold consumer

Jun 18, 2014

Council to Explore Gold-Fix Overhaul

The World Gold Council has invited the bullion industry to a meeting in July as it takes the lead in exploring an overhaul to the historic London gold fix...
China may topple India to become world's largest gold consumer

Jul 04, 2014

Third Party Certification Needed for Sustainable Tourism

There are many laws and principles governing the environment but collectively they do not provide any guarantee that a tourism business will be sustainable. While there are some national and international laws that impact tourism, such as the climate...
China may topple India to become world's largest gold consumer

Jun 27, 2014

Chinese authorities discover €11bn of falsified gold-backed loans

China's chief auditor discovered 94.4bn yuan (€11bn) of loans backed by falsified gold transactions, adding to signs of possible fraud in commodities financing deals. Twenty-five bullion processors in China, the biggest producer and consumer of gold,... #China #Hong Kong #London #Goldman Sachs #Singapore #Bloomberg