Goldbug

Higher duty will only encourage import of gold illegally: Nomura

Illegal trade was rampant before restrictions on gold shipments were lifted in 1990.

Gold import duty unlikely to deter buyers but may spur smuggling

Despite the duty, the fundamental reasons for buying gold - to hedge against inflation and currency risks- remain as strong as ever. Smuggling remains a concern as Illegal trade was rampant before restrictions on gold shipments were lifted in 1990.

In its fight against gold, will govt emerge victorious in 2013?

Gold demand from the Indian jewellery fabrication segment is likely to fall to 322 tonnes in the first half of 2013, from 348 tonnes in the same period of 2012

Duty hike: Gold gluttons will keep demand intact

India's passion for gold is putting such a strain on state finances that the govt may slap higher import taxes on the metal, but demand buoyed by heady inflation and meagre savings will blunt the impact of any rise in duties.<br /><br />

Western central banks maybe holding less gold than they claim

Do the western central banks hold the amount of gold they claim in their balance-sheets? There is a strong chance that they don't - which has implications for gold prices