Gold imports cross 120 tonnes in Aug, highest so far in FY16

Last Updated: Sunday, September 13, 2015, 12:55

Gold imports stood at 89 tonnes in July 2015. In August last year, the figure was 50 tonnes.

Drought dents India gold demand; prices still appealing

Last Updated: Friday, September 11, 2015, 11:05

Nearly two-thirds of India`s gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.

India lures gold investors with govt bond, monetisation plan

Last Updated: Wednesday, September 9, 2015, 16:50

India will soon launch a sovereign gold bond and a scheme to mobilise tonnes of the metal stored in households, the finance minister said, a move that mainly seeks to wean investors away from physical gold and cut massive imports.

Gold imports jump 62.2% to $2.96 billion in July

Last Updated: Friday, August 14, 2015, 20:34

After declining in June, Gold imports jumped 62.2 percent to USD 2.96 billion last month, a development which will have adverse bearing on India's current account deficit (CAD).

Exports continue to slide for 8th month; dip 10.3% in July

Last Updated: Friday, August 14, 2015, 19:26

Hit by global slowdown, India's exports contracted for the eighth straight month by 10.3 percent in July to USD 23.13 billion, pushing the trade deficit to USD 12.81 billion.

Gold imports up 61% at 155 tonnes in April-May

Last Updated: Sunday, August 2, 2015, 11:26

India's gold imports shot up by about 61 percent to 155 tonnes in the first two months of the current fiscal mainly due to weak prices globally and the easing of restrictions by the Reserve Bank.

Gold edges higher as investors await Fed meeting

Last Updated: Tuesday, July 28, 2015, 21:00

Gold edged higher on Tuesday but remained near 5-1/2-year lows as markets braced for this week`s two-day Federal Reserve meeting, at which policymakers are tipped to give further clues on the timing of a U.S. rate increase.

Gold imports dip almost 37% to $1.96 bn in June

Last Updated: Wednesday, July 15, 2015, 22:03

Imports of the precious metal stood at USD 3.12 billion in the same month of 2014. In May this year, the imports were worth USD 2.42 billion.

Govt mulls raising Rs 15,000 cr through gold bond scheme

Last Updated: Tuesday, July 7, 2015, 17:41

Government is looking at raising Rs 15,000 crore in the current fiscal through the gold bond scheme, for which a cabinet note is likely to be moved for consideration later in the month.

WGC welcomes govt's draft policy on sovereign gold bonds

Last Updated: Friday, June 19, 2015, 20:42

The government's proposed policy on sovereign gold bonds would provide investment choice to consumers and integrate gold further into regulated financial sector, the World Gold Council said on Friday.

'Gold sovereign bonds to address import issues'

Last Updated: Friday, June 19, 2015, 19:12

Centre's gold sovereign bond scheme is expected to address pure investment demand for the yellow metal, says India Ratings and Research (Ind-Ra).

Sovereign Gold bonds can save up to $2 billion of metal imports

Last Updated: Friday, June 19, 2015, 17:37

Sovereign Gold bonds (SBGs) provide a good alternative for investors and if subscribed fully in the first year it will result in a saving of USD 2 billion on imports of the precious metal at current prices, says a report.