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.

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).

Gold-hungry traders tap Indians living abroad

Last Updated: Tuesday, December 24, 2013, 23:41

Gold premiums in India rose to a record USD 160 per ounce on London prices earlier in December.

No doubt gold smuggling will rise if import curbs continue: RBI

Last Updated: Monday, December 23, 2013, 18:36

Gold smuggling into India will pick up if the import curbs continue for too long, the Reserve Bank of India chief Raghuram Rajan said in an interview to television channel on Monday.