Gold Bars News

India's commerce ministry has supported a long-standing demand from the jewelry industry to reduce import tariffs on gold bars, reported Reuters quoting government and industry officials amidst concern that the duties were harming the country's faltering jewellery exports. The commerce ministry's ...

Indians have a penchant for gold. The trend dates back to many eras. The love for gold amongst Indians has made the country to grab the position as the largest consumer of gold globally. In every household in the country, gold ...

Central Banks of countries are collectively said to be holding the largest quantity of gold bar stockpiles in the world. Their possessions can individually be measured in tonnes. While it is common knowledge that gold forms as an important part ...

India is amongst the largest importers of gold in the world. Importing gold results in large amounts of foreign exchange leaving the country, which also puts pressure on the Indian rupee against the dollar. The government in the Union Budget 2015-16 ...

Finally, gold seems to be losing its luster in India. For years, Indians hankered for gold, but, now that craving seems to be getting lesser, not because of waning desire, but more because of various curbs. On Tuesday, statistics on ...

Demand for gold coins and bars in India surged 52 per cent (year on year), in the first quarter of 2013, according to the World Gold Council. "Demand for gold in China and India was also driven by an increase ...