Gold price falls below Rs 26K as RBI eases gold import rules

Last Updated: Saturday, November 29, 2014, 01:12

Gold prices fell below Rs 26,000 per ten grams level in futures trade Friday as the Reserve Bank today scrapped the controversial 80:20 scheme, a move which the industry believes will further bring down prices of the precious metal.

Gold import likely to be less than 500 tonne in FY14: GJF

Last Updated: Sunday, February 2, 2014, 13:11

The total sales are likely to decline by 25-30 percent this fiscal compared to last year as the market did not have enough variety to woo the customers, he said.

CAD to decline to 2.5%, raises hope of gold import duty cut

Last Updated: Tuesday, January 28, 2014, 15:27

The Reserve Bank on Tuesday said Current Account Deficit (CAD) in this fiscal is expected to decline to below 2.5 percent of GDP from 4.8 percent a year ago, raising hopes of a cut in import duty on gold.

CAD to decline to 2.5%, raises hope of gold import duty cut

Last Updated: Tuesday, January 28, 2014, 15:27

The Reserve Bank on Tuesday said Current Account Deficit (CAD) in this fiscal is expected to decline to below 2.5 percent of GDP from 4.8 percent a year ago, raising hopes of a cut in import duty on gold.

Gold import curbs to be reviewed by March end: Chidambaram

Last Updated: Monday, January 27, 2014, 12:41

The restrictions on gold imports will be reviewed by March end, Finance Minister P Chidambaram said Monday.

Gold premiums fall on speculation about easing import curbs

Last Updated: Friday, January 24, 2014, 16:44

Gold premiums in India, the second-biggest buyer of the metal after China, fell more than 30 percent on Friday from earlier this week on speculation about easing of restrictions on bullion imports.

No plans to roll back gold import curbs: Chidambaram

Last Updated: Friday, January 24, 2014, 10:13

India is not planning any changes to its record import duty on gold and other restrictions on imports until the current account deficit is firmly under control, Finance Minister P. Chidambaram told a private news channel in Davos.

Gold import curbs to stay until India has firm grip on CAD: FM

Last Updated: Thursday, January 23, 2014, 17:37

Finance Minister P Chidambaram on Thursday said curbs on gold imports can be rolled back only after India obtains a firm grip on the Current Account Deficit (CAD).

Sonia Gandhi for action on gold duty; government says not now

Last Updated: Thursday, January 23, 2014, 16:49

Sharma, who too is in Davos, said the mechanism linking gold imports with exports has been working well.

China grants gold import licences to foreign banks for 1st time: Sources

Last Updated: Wednesday, January 15, 2014, 14:16

China has granted licences to import gold to two foreign banks for the first time, sources said, as moves to open the world`s biggest physical bullion market gather pace.

Gold, silver imports dip 68.8% to $1.77 billion in December

Last Updated: Friday, January 10, 2014, 18:14

Gold and silver imports declined 68.8 per cent to USD 1.77 billion in December after the government imposed restrictions on inbound shipments of the yellow metal aimed at narrowing the current account deficit.

Curbs on gold imports to stay, at least till March: Mayaram

Last Updated: Tuesday, January 7, 2014, 16:31

Restrictions on gold imports are likely to continue until at least March-end, notwithstanding an improvement in the current account deficit situation.