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Tag Archives: India gold import curb

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India not planning further curbs on gold imports-trade secretary

India is not planning to impose any further curbs on gold imports as the current account deficit is under control, Trade Secretary Rajeev Kher said on Wednesday.   The South Asian country has imported 7 tonnes of gold so far in January, ...

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RBI views decision to scrap 80:20 gold import rule as ‘reasonable’

The Reserve Bank of India (RBI) today stated that the government’s decision to abolish the controversial 80:20 rule on gold imports was quite ‘reasonable’. RBI Governor Raghuram Rajan said the government has come up with the decision at probably the best time. ...

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India gold premiums plunge on import curb delays

The gold premiums in India have plunged to almost half in the absence of announcement of fresh gold import curbs. The premiums for physical delivery of gold which had surged to $25 per Oz in anticipation of policy announcement have now fallen ...

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