Mumbai, India - The household jewelry part in the country is described to be opposite critical shortage of gold. The taut constrains of gold trades encompassing the high levy on gold import by nominated bureaus … Continue reading
New Delhi - The government is improbable to raise import restrictions on gold before the end of this economic year, finance minister P Chidambaram demonstrated on Monday when he said the taut curbs will be … Continue reading
Four have been arrested for supposedly trying to smuggle into the homeland gold bars valuing over Rs 1.50 crore at the aerodrome here, culture agents said. The accused were intercepted by culture agents upon their … Continue reading
(Reuters) - India is not designing any alterations to its record import obligation on gold and other restrictions on imports until the present account deficit is firmly under control, Finance Minister P. Chidambaram notified CNBC … Continue reading
India’s premier products exchange, the National Commodity and Derivatives Exchange (NCDEX) has obtained boosting answer from investors to its just launched gold agreement. The agreement called GoldHedge, garnered a capacity of 1,300 kilogram worth $52 million … Continue reading
(Mineweb) - Regardless of requests from government to smaller gold purchases in an attempt to convey down the present account deficit, India’s politicians appear to have been soaking up important quantities of the precious metal. … Continue reading
Indian gold traders may drop 70% in the last quarter of 2013 from 255 tons in the year-ago time span and are anticipated to be half common grades at 500-550 tons next year if new … Continue reading
(Reuters) - Indian gold smugglers are adopting the procedures of pharmaceutical couriers to avoid a government curb on imports of the yellow metal, storing gold in imported vehicles and even using mules that swallow nuggets … Continue reading
(Reuters) - Russian bank VTB said it had begun to export gold and silver bullions to India on Thursday to expand its business in the Asia-Pacific region. Indian imports of gold are under heavy pressure … Continue reading
(Scrap Monster) - The Indian government announced that it actually has no plan to give up the firm constrains on gold imports into the homeland. The gold import restrictions may extend for the time being. … Continue reading