Gold Import

Showing of 41 - 60 from 52 results
Gold Import - Total results - 52
Expect more steps to curb gold import, warns govt
Economy

Expect more steps to curb gold import, warns govt

Last week the government increased import duty on gold to 8 per cent, the second such hike within six months.

Curbing gold import may lead to rise in smuggling. Here's why
Economy

Curbing gold import may lead to rise in smuggling. Here's why

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.

Don't buy gold, it's just another metal that shines more, says FM
Economy

Don't buy gold, it's just another metal that shines more, says FM

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."

RBI makes gold import norms tougher to rein in CAD
Investing

RBI makes gold import norms tougher to rein in CAD

The restrictions will, however, not apply to import of gold to meet the needs of exporters of gold jewellery.

Ahead of wedding season, Indian jewellers struggle to meet gold demand
Economy

Ahead of wedding season, Indian jewellers struggle to meet gold demand

Jewellers in India faced shortage of the yellow metal ahead of the key wedding season, keeping premiums supported at higher levels, despite meeting part of the demand through left over consignment stocks from banks.

Despite curbs, gold imports likely to exceed last year's level
Economy

Despite curbs, gold imports likely to exceed last year's level

India's gold imports are likely to exceed last year's level to around 900 tonnes in the current calendar year on higher demand. Domestic demand has increased since the prices have fallen significantly in the last one month.

CAD worries: RBI puts restrictions on gold imports by banks
Economy

CAD worries: RBI puts restrictions on gold imports by banks

"To moderate the demand for gold for domestic use, it has been decided to restrict the import of gold on consignment basis by banks, only to meet the genuine needs of exporters of gold jewellery," the RBI said in a statement.

RBI's new headache: Huge gold shopping spree heightens CAD worries
Economy

RBI's new headache: Huge gold shopping spree heightens CAD worries

A 138 percent jump in gold imports in April heightened worries about India's current account deficit, offsetting any comfort policymakers took from slowing inflation and limiting space for monetary easing to help revive a moribund economy.

Govt raises gold import tariff to $472/10 gm
Investing

Govt raises gold import tariff to $472/10 gm

In Singapore, gold prices firmed up to $1,462 per ounce last week. Prices had also declined to $1,321 per ounce early this month.

Govt, RBI will take steps to contain CAD: finmin
Economy

Govt, RBI will take steps to contain CAD: finmin

The finance ministry hoped that with improvement in exports, the deficit would moderate in coming months.

Govt looking at more steps to curb gold import: FM
Economy

Govt looking at more steps to curb gold import: FM

India is looking at "some other" steps to curb gold import which has led to widening of the Current Account Deficit (CAD), Finance Minister P Chidambaram has said.