Gold Import News

The country's trade deficit increased to $31.02 billion during the last month given the increase in coal and crude oil imports showed the official data released Tuesday. Last year in July, trade deficit was at $10.63 billion, so nearly trebling ...

Taking up gold coins and gold jewelleries in India is strictly regulated by the union government. In the 'Guide for Travellers', Central Board of Indirect Taxes and Customs, Ministry of Finance has noted the directions for passengers who are traveling to ...

Indians are again bagging massive amounts of gold, although the prices surged this time. As they are buying gold from Indian markets, gold import bills are rising significantly, widening the trade deficits. In April-November, this year, India's trade deficit expanded to ...

India has bought a record amount of gold in August 2021 according to a Reuters report. As the gold rates are increasing in the international markets, India is also enhancing its gold imports. However, in August during the second week, gold ...

As it is the crude oil situation has aggravated fiscal deficit and hence CAD or current account deficit concerns, so to mitigate the risk at hand the government is mulling restricting gold imports into the country. Current account deficit is ...

In comparison to international gold prices, gold in the Indian subcontinent was selling at huge discounts on Friday owing to weak demand as well as rise in imports of the precious yellow metal from South Korea. Before the roll out ...

The government has cut import tariff value on gold to $375 per 10 grams and silver to $512 per kg following weak global price trends. During the first fortnight of the month, the tariff value on imported gold was fixed ...