Home / Tag Archives: India gold

Tag Archives: India gold

Feed Subscription

India gold monetization scheme fails to lure gold owners

According to recent survey conducted among gold owners in the country, the proposed gold monetization scheme by the Indian government is unlikely to lure customers. The government had promised low deposit rate and tax-free returns to make the scheme attractive and acceptable ...

Read More »

India gold monetization scheme draws mixed response

The government proposal to attract tonnes of household and institutional gold into bank deposits has drawn mixed response. According to formal guidelines announced to the proposed gold monetization schemes, customers are allowed to deposit even smaller quantities of gold jewellery or bullion ...

Read More »

India’s gold demand retreats 6% during Q1 2015

According to data compiled by GFMS analysts at Thomson Reuters, global gold consumption witnessed decline of 9% during the quarter ending March this year. The quarterly report also indicates that demand for gold in India witnessed a drop of 5.68% when matched ...

Read More »

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, ...

Read More »

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 ...

Read More »

‘Phenomenal’ rise in India’s gold imports a concern – trade secy

A “phenomenal” rise in India’s gold imports is a concern and the government will watch the impact from a recent easing in gold import rules, Trade Secretary Rajeev Kher said on Tuesday. Gold imports jumped 34 percent in November to $5.61 billion, ...

Read More »

India urged to formulate effective gold policy, set up Gold Exchange

A joint report released by the World Gold Council (WGC) in association with the Federation of Indian Chambers of Commerce and Industry (FICCI) states that the country, being the second largest consumer of the yellow metal after China, should frame ...

Read More »

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 ...

Read More »

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 ...

Read More »

Turnaround in India gold rules unlikely to mean import surge-trade

An unexpected move by India’s central bank to ease curbs on overseas purchases instead of tightening them indicates the government is more relaxed about the trade deficit, though trade sources said it does not mean there will be a jump ...

Read More »
Scroll To Top