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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. #Business #India #China #WhyNow #Gold #World Gold Council #Gold demand