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Expect more steps to curb gold import, warns govt

Jun 10, 2013

Last week the government increased import duty on gold to 8 per cent, the second such hike within six months. #Gold #Raghuram Rajan #PolicyWatch #CAD #Gold Import
Curbing gold import may lead to rise in smuggling. Here's why

Jun 07, 2013

Government's efforts to curb gold import may lead to rise in smuggling, which could be nearly 30 per cent of total imports in 2013, an industry official said. #Gold #RBI #WhoSaidWhat #CAD #Gold Import
Don't buy gold, it's just another metal that shines more, says FM

Jun 06, 2013

The Reserve Bank, Chidambaram said, has already "advised banks they should not sell gold coins...I hope a day will come when we regard gold as any other metal, it just shines a little more than copper or bronze." #P. Chidambaram #RBI #TheySaidIt #CAD #Gold Import

Blog posts

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Dont rejoice just yet. Falling gold prices may not reduce CAD

Apr 29, 2013

High price sensitivity of demand may actually increase Indians� demand for gold and eventually end up with little or no impact on the CAD. #Inflation #Economy #Gold #RBI #Current Account Deficit #ExpertView #gold imports #policy

Wire

Deccan Herald
Trade deficit at seven-month high as gold imports surge

2013-06-17 10:42:00

India's trade deficit widened to a seven-month high in May as gold imports surged, provisional data showed on Monday, but economists expect newly announced measures to dampen demand for the precious metal in coming months and narrow the shortfall. A near #India #China #Barclays
Deccan Herald
Moderation in gold imports to lower CAD in 2013-14

2013-06-17 17:43:00

The Reserve Bank on Monday said the Current Account Deficit (CAD) will moderate in the current fiscal on account softer global commodity prices and recent measures to dampen gold imports. "Softer global commodity prices and recent measures to dampen gold #
Deccan Herald
India's exports decline in May, imports still high

2013-06-17 17:08:00

India’s exports witnessed a decline of 1.1 per cent in May after a suspension of gold exports in special economic zones (SEZ) while imports continued to grow at a rate close to 7 per cent leaving a trade deficit of over $20 billion. The weakness in Europ #India #European Union

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