Gold imports down in Dec, says trade body
In the first half of December, gold imports were at 22 tonnes. In the previous month, gold imports stood at 151 tonnes, All India Gems and Jewellery Federation Chairman Haresh Chamanbhai Soni told PTI.
Dec 25, 2014, 22:32 PM IST
Gold imports down in December, says trade body
Gold imports are likely to decline drastically this month as jewellers over-stocked the metal in anticipation more import restrictions, according to a trade body.
Dec 25, 2014, 19:37 PM IST
Gold imports dip to 661 tonnes in FY14
Gold imports stood at 661.71 tonnes during 2013-14 as compared with 1,013.72 tonnes in the previous fiscal, Parliament was informed Wednesday.
Dec 17, 2014, 17:07 PM IST
CAD likely to be 1.6% of GDP in FY15: Nomura
India's current account deficit is likely to be around 1.6 percent of GDP in the current financial year amid higher imports, Japanese brokerage firm Nomura has said.
Dec 17, 2014, 14:34 PM IST
Govt to adopt wait and watch stand on rise in gold imports
The six-fold rise in gold imports is a matter of concern but the government will adopt a wait and watch stand and take a call at an appropriate time, a top commerce ministry official said here Tuesday.
Dec 16, 2014, 13:40 PM IST
Gold imports surge over 6-fold to $5.61 bn in November
Gold imports surged by over six-fold to USD 5.61 billion (over Rs 35,000 crore) in November primarily due to a spike in demand during the marriage and festival season, raising fresh concerns of widening current account deficit.
Dec 15, 2014, 20:49 PM IST
Trade deficit widens to $16.8 bn; gold imports surge 6-fold
An over six-fold jump in gold imports in November has pushed country's trade deficit to one-and-a-half year high of USD 16.86 billion in the month, causing fresh concerns for economic policy makers.
Dec 15, 2014, 20:10 PM IST
Current account deficit rises to $10.1 bn in Q2 as gold imports soar
The current account deficit widened to USD 10.1 billion or 2.1 percent of GDP for the September quarter as against 1.2 percent in the year-ago period due to higher trade deficit, the Reserve Bank said Monday.
Dec 08, 2014, 19:53 PM IST
Cut in gold import duty unlikely before Budget
Any revision in gold import duty is unlikely to take place before the Budget and there is no proposal as of now to reduce the 10 percent duty, a finance ministry official said.
Dec 04, 2014, 12:52 PM IST
'Further steps on gold after studying impact of 80:20 lifting'
The Reserve Bank will closely study the impact of scrapping of 80:20 rule on gold imports before deciding on others measures to curb the demand for the precious metal, Deputy Governor HR Khan said Wednesday.
Dec 03, 2014, 20:15 PM IST
Gold price still in a long-term downtrend
Two consecutive closings above Rs 27,000 will be bullish reversal and we can expect it to rise towards Rs 27,600-Rs 27,900.
Nov 30, 2014, 15:05 PM IST
Weekly review: Gold price tumbles by Rs 400
Gold prices tumbled by over Rs 400 per ten grams during the week after rebounding from their multi-year lows following renewed selling in the backdrop of heightened global volatility.
Nov 30, 2014, 06:50 AM IST
Govt eases curbs on gold imports, scraps 80:20 scheme
Under the 80:20 norms, 20 percent of the imported gold had to be mandatorily exported before bringing in new lot.
Nov 28, 2014, 20:54 PM IST
RBI cautious on response to gold import surge
The Reserve Bank of India, grabbling with a surge in gold imports last month, could support some restrictions for trading houses but two senior policymakers involved in the bank`s decision-making said officials were also wary of overreacting.
Nov 21, 2014, 20:49 PM IST
'Six traders account for 40% of India's total gold imports'
Just six gold traders accounted for as high as 40 percent of total gold imports to India during April-September, according to a government analysis.
Nov 19, 2014, 23:03 PM IST
GJF urges govt not to impose further curbs on gold imports
The government should not impose further curbs on gold imports as it will spell doom for the gems and jewellery sector, the All India Gems and Jewellery Federation (GJF) said on Wednesday.
Nov 19, 2014, 19:02 PM IST
Jewellery stocks under pressure; down up to 3.5%
Gold import surged almost four times to USD 4.17 billion in October from USD 1.09 billion in the same month a year ago.
Nov 18, 2014, 13:20 PM IST
RBI, govt in talks to curb surging gold imports: Mundra
The Reserve Bank Monday said it is in discussions with the government to curb gold imports which have seen a sharp surge in the recent months putting pressure on the Current Account Deficit.
Nov 17, 2014, 17:56 PM IST
Gold imports surge by 280% to $4.17 billion in October
Gold imports surged by nearly four-fold to USD 4.17 billion in October to meet the festival season demand.
Nov 17, 2014, 17:54 PM IST
Exports dip 5.4% in Oct; trade deficit widens to $13.35 bn
Gold imports, which jumped manifold to USD 4.17 billion, increased the trade deficit to USD 13.35 billion during the month as against USD 10.59 billion in October 2013.
Nov 17, 2014, 15:41 PM IST
