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Gold imports dip 59.5% to USD 1.7 billion in October

Nov 17, 2015

Gold imports dip 59.5% to USD 1.7 billion in October

Gold imports plunged by 59.5 per cent to USD 1.7 billion in October which will help curb the country's Current Account Deficit (CAD). #Gold #yellow metal #imports #CAD #October
Kerala's gold loan cos own more reserves of yellow metal than some of the richest nations

Dec 15, 2014

Kerala's gold loan cos own more reserves of yellow metal than some of the richest nations

Kerala's gold loan companies- Muthoot Finance, Manappuram Finance and Muthoot Fincorp - together hold nearly 200 tonnes of gold jewellery, which is higher than the gold reserves of Singapore, Sweden or Australia, a Times of India article pointed out on Sunday. #Gold #yellow metal #Muthoot Finance #Manappuram #India
Gold sales jump about 20 percent during Diwali, Dhanteras

Oct 24, 2014

Gold sales jump about 20 percent during Diwali, Dhanteras

Gold sales in India during the festivals of Diwali and Dhanteras celebrated this week rose by about a fifth, a senior official at the country's biggest gold trade group said on Friday. #Gold #yellow metal #Dhanteras #Diwali 2014 #Mumbai
Planning to buy gold on Dhanteras? Here are a few tips that may help you

Oct 21, 2014

Planning to buy gold on Dhanteras? Here are a few tips that may help you

A survey by the Bureau of Indian Standards held across 16 cities found that 90.10 percent of 162 gold samples failed purity tests. More shocking fact is that the highest purity shortage was 44.6%.Here are a few tips that may help you buy real gold. #Gold #yellow metal #MetalWatch #Dhanteras #Diwali2014
Gold is likely to recover its sheen in second half of 2014, says WGC

Aug 25, 2014

Gold is likely to recover its sheen in second half of 2014, says WGC

Despite the possibility of deficient monsoon casting a shadow on the rural demand, riding on overall better sentiments gold is expected to recover its sheen in the second half (July-December) of the year, Somasundaram PR, managing director (India), World Gold Council said. #Gold #exports #yellow metal #World Gold Council #Gold Duties #Black market #India
Gold jewellery exports dip 30 percent in December

Jan 17, 2014

Gold jewellery exports dip 30 percent in December

Gold jewellery exports from April to December fell 51.5 percent to $4.92 billion, the Gems and Jewellery Export Promotion Council (GJEPC) said in a statement. #Gold #yellow metal #CAD #gold jewellery #Gold Exports
Good news: Govt in talks to ease gold imports

Jan 06, 2014

Good news: Govt in talks to ease gold imports

Officials are in discussions to cut a record high import duty on gold and relax rules on exports, government sources said, after the measures helped narrow the country's trade deficit and now threaten to encourage smuggling. #Gold #finance ministry #yellow metal #imports #Import duty
Barclays sees gold struggling in 2014

Jan 06, 2014

Barclays sees gold struggling in 2014

"Slower-than-expected tapering, weaker equity markets and a softer dollar could help to revive gold in the short term," the bank said. #Gold #Barclays #ExpertView #yellow metal
Rs 7.36 cr worth gold bars found on Kolkata-bound plane toilet

Nov 21, 2013

Rs 7.36 cr worth gold bars found on Kolkata-bound plane toilet

Smuggling is on the rise into India, one of the world's biggest buyers of gold, after the government raised import duty to a record 10 percent and slapped restrictions which have shrivelled supplies into the domestic market. #bullion #Gold #Jet Airways #bIhar #Dubai #yellow metal #Kolkatta #gold bars #Customs #Smuggling #Mumbai