Gold Export

The India International Bullion Exchange is expected to attract dealers, refineries and foreign banks, Chief Executive Officer Ashok Gautam said

India's demand for gold will be between 800-850 tonne in 2022, said a top official of World Gold Council-India.

Gold imports, which have a bearing on the country's current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 trillion ) during 2020-21 due to increased domestic demand

ndia and China are the world's two biggest gold consumers

Silver imports during April-November 2020 too dipped 65.7 per cent to about $752 million

At present, an official government order allows for only 25 per cent of employees to attend work

Consumers sold 37.9 tonnes of the yellow metal in June quarter, says World Gold Council

In Mumbai's physical market, standard gold (995 purity) was trading at Rs 36,850 on Wednesday, nearly Rs 1,000 lower than in the futures market

Exporters would also have to make clear distinction between a religious idol and simply moulded gold article/idol

Exports of gold items above 22 carats of purity were banned by the government in August 2017

In India 24-carat gold is used mostly in coins and bars