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India hikes Import Tariff Value on Gold and Silver

The Indian Government today announced considerable hike in tariff value for imported gold and silver . The import tariff value of gold was hiked by 2.3% and that of silver was hiked by 4.6%, in tandem with price of the precious metals in the international market. ...

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China’s net gold imports from Hong Kong climb to 9-month high

China’s gold imports from Hong Kong in November rose to their highest level since February on strong demand in the world’s top bullion consumer. Net gold imports from Hong Kong to the mainland rose to 99.111 tonnes in November, compared with 77.628 ...

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Indian dealers offer gold discount for first time in 5 months

Indian gold importers are offering a discount of $2 an ounce versus London prices for the first time in almost five months due to market oversupply.   Importers generally charge a premium over London prices but demand in the world’s second-biggest gold ...

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India may change rules on gold imports for star trading houses

India will announce changes as early as this week to a rule mandating so-called star trading houses export 100 percent of their gold imports, a policy maker with direct knowledge of the upcoming action said on Tuesday. India could also announce changes ...

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Chinese Gold imports remain historically strong so far in 2014; but still down from 2013

China’s gold imports remain historically strong even though they are down from the high base of a year ago, said HSBC in a snippet. Data from the Hong Kong Census and Statistics Department this week show that China’s net gold ...

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India may restrict Gold imports

The world’s biggest bullion consumer India’s Ministry of Finance may announce measures to restrict gold imports, said.  Citing industry sources, Commerzbank said the Reserve Bank of India is strongly supportive of new import restrictions following news that the value of ...

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