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India gold import News

27 Nov 2016

Commerce Ministry favours 'restriction free' gold imports to discourage smuggling

Commerce and Industry Minister Nirmala Sitharaman has pitched for 'restriction free' imports of gold to help gems and jewellery exports and also discourage smuggling.

04 Sep 2015

Gold prices in India back at discount on weak demand

Gold prices in India swung to a discount to the global benchmark this week for the first time since mid July as a weak monsoon dampened demand in the world`s second-biggest consumer.

17 Aug 2015

UAE raises gold import duty issue with India

The UAE Monday raised the issue of India's high gold import duty affecting its exports to the country even as the two nations agreed on a wide range of steps to boost their economic ties.

17 May 2015

India, China account for 54% of total gold demand during Q1

India and China accounted for 54 percent of the total global gold consumer demand in the first quarter of this year, according to a report.

17 Mar 2015

April-December gold imports stood around $26 bn

India imported gold worth nearly $26 billion during the April-December period of the current fiscal 2014-15, parliament was informed on Tuesday.

18 Nov 2014

Govt to announce curbs on gold import in a day or two: Sources

In the wake of surge in gold imports, the government would soon impose some curbs on its inward shipment to prevent current account deficit (CAD) from going out of hand.

13 Nov 2014

FinMin holds review meeting, may tighten gold import norms

Worried over surge in gold imports, the government is contemplating to put curbs on inward shipments of the precious metal by big private agencies.

13 Nov 2014

India October gold imports surge to about 150 tonnes: Report

India`s gold imports surged to about 150 tonnes in October, Bloomberg said in a tweet, a volume that could pressure the government to tighten curbs on shipments of the metal.

25 Jul 2014

Govt has no proposal to reduce gold import duty

India, desperate to trim a gaping current account deficit, took a slew of measures last year to curb demand for bullion, its second-biggest import after oil.

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