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India Gold imports from Switzerland touches 17.1bn Swiss francs during Jan-Nov 2014

Indian gold imports from Switzerland crossed 17.1 billion Swiss francs (over Rs. 1.2 lakh crore) during the first eleven months of last year even as concerns persist over bullion being used to channel illicit funds into the Indian shores.   The value ...

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DNA formulates policy report to revive India’s gems and jewelry industry

Daily News and Analysis (DNA) – the leading Indian broadsheet has launched a policy report on the gems and jewelry industry in the country. The report outlines various methods to trigger revival of the sector. It also focuses on enhancing ...

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India gold bar imports nearly halved in Dec 2014

The Gems and Jewellery Export Promotion Council (GJEPC) has released the details of imports of raw materials for gems and jewellery for the month of December last year. According to data, the gold bar imports by the country during December 2014 witnessed ...

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India Finance Ministry advised to cut gold import duty to 2% from 10%

The All India Gems and Jewellery Trade Federation (GJF) has forwarded its recommendations to the Union Finance Ministry ahead of the budget.   The industry body has urged the Finance Minister to bring down the gold import duty from 10% to 2%. ...

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Indian gold jewelry demand likely to grow 10% in 2015: ICRA

The recent survey conducted by the country’s leading credit rating agency ICRA Ltd shows that the gold jewelry demand in Indian domestic market is poised to witness 10% growth in 2015. The ‘Indian Gold Jewellery Retail Industry’ survey predicts the demand to ...

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India’s gold import shrinks despite easing of curbs

The gold imports by India during the first fortnight of December have dropped sharply when compared with the previous month. The gold imports which had totaled 150 tonnes during entire-November have fallen to less than 25 tonnes during the first two weeks ...

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India turns out to be the leading destination of Swiss gold exports

The Swiss gold exports to India surged significantly during the month of October this year. In accordance with the latest statistics released by Switzerland’s Customs Administration, the yearly gold shipment to India is set to hit record highs during 2014.   The ...

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Gold Imports: Will India’s move to make a difference?

India’s decision last week to scrap the so-called 80-20 rule on gold imports may have only a modest impact on unofficial bullion imports, or smuggling, said Metals Focus. The rule had required 20% of all imports to be re-exported as a finished ...

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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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India: A surge in Gold imports widens trade deficit in October

India’s merchandise trade deficit widened to $13.4 billion in October from $10.6 billion a year ago, as gold imports quadrupled on year-on-year (y-o-y) basis while exports fell by 5% y-o-y. Non-oil non-gold exports – an indicator of domestic demand – continued to ...

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