Gold Import Duty

Govt may hike gold duty further to reduce gold imports

Measures like raising customs duty are expected to lead to moderation in gold imports which is putting pressure on current account deficit, Minister of State for Finance Namo Narain Meena said today.

Gold drops nearly 1 percent; lowest in seven months

Gold futures in India, the world's biggest consumer of the metal, fell 0.9 percent on Thursday morning to their lowest level in seven months, mirroring a similar trend overseas, though a weak rupee limited the downside.

Govt likely to take more steps to curb gold imports

India, the world's biggest gold importer, is likely to take more steps to curb purchases of bullion, a senior official with India's second-biggest gold importer, state-run MMTC , told reporters on Monday.

Duty hike fears push gold imports up by 23% in January

Gold imports into India surged 23 percent to 100 tonnes in January, the head of the leading trade body here said, as traders snapped up supplies ahead of a hike in duty by a government struggling to rein in its import bill.