Govt raises import tariff value on gold at $388 per 10 gm

Last Updated: Thursday, April 16, 2015, 23:29

The government Thursday raised import tariff value of gold to USD 388 per 10 grams, taking cues from global price trends.

Gold import curbs may have led to rise in smuggling activity

Last Updated: Friday, March 20, 2015, 17:24

Import restrictions on gold may have led to increase in smuggling of the precious metal in recent years, Parliament was informed Friday.

Smuggled gold seizures jump as duty stays high

Last Updated: Wednesday, March 18, 2015, 19:37

Trade Minister Nirmala Sitharaman told lawmakers on Wednesday the number of gold seizures in first 10 months of the 2014/15 fiscal year to the end of January had jumped to 3,412 from 2,450 for the whole of the previous year.

April-December gold imports stood around $26 bn

Last Updated: Tuesday, March 17, 2015, 20:46

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

Government cuts import tariff on gold and silver

Last Updated: Saturday, March 14, 2015, 11:38

The government has slashed import tariff value on gold to USD 375 per 10 grams and silver to USD 512 per kg following weak global price trends.

Commerce Ministry seeks cut in gold import duty

Last Updated: Thursday, February 26, 2015, 12:27

With a decline in gold imports, Commerce Ministry has sought reduction in import duty on gold, a step that could boost exports and manufacturing of gems and jewellery.

Jewellery stocks shine on RBI move

Last Updated: Thursday, February 19, 2015, 14:31

Jewellery stocks were in limelight Thursday on RBI relaxing gold import norms, surging over 6 percent in an otherwise sluggish broader market.

RBI lifts ban on import of gold coins, medallions by banks

Last Updated: Wednesday, February 18, 2015, 21:59

The Reserve Bank Wednesday lifted the ban on imports of gold coins and medallions by banks and trading houses.

Exports in January contract by 11.19%, steepest decline in 2-1/2 years

Last Updated: Friday, February 13, 2015, 19:10

Registering the steepest decline in two and a half years, exports contracted by 11.19 percent to USD 23.88 billion in January but trade deficit improved marginally because of cheaper oil imports.

Exports contract by 11.19% to $23.88 bn in January

Last Updated: Friday, February 13, 2015, 18:41

India's exports in January contracted by 11.19 percent to USD 23.88 billion while the trade deficit rose from a 10-month low and narrowed the gap to USD 8.32 billion.

'Govt may consider import duty cut on gold in Budget'

Last Updated: Thursday, February 5, 2015, 19:10

With decline in gold imports, the government may consider 2-4 percent reduction in import duty on it in the forthcoming Budget, a move that could help boost exports and manufacturing of gems and jewellery, sources said.

Gold discounts widest in 17 months, jewellers anticipate duty cut

Last Updated: Wednesday, January 21, 2015, 18:17

Indian gold importers are offering a discount of up to $16 an ounce versus London prices, the widest in 17 months, as jewellers curtail purchases ahead of a possible cut in the import duty.