Page 3 - Gold Imports

Gold refineries suffer after higher import duty slapped on yellow metal

The demand for gold took a major hit in the domestic market after the import duty on the precious metal was raised from 10 per cent to 12.5 per cent, leading to a sharp increase in gold prices

FM says talks on helping economy continue, won't comment on timeline

Sitharaman says govt heard concerns of five sectors; does not seem too convinced on issue of subsidising gold imports

Analysts see gold price hitting Rs 40,000 per 10 g by the end of the year

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

Duty on gold hiked to curb non-essential imports, says Revenue Secy

He was replying to a question on concerns being raised by certain quarters that the hike in gold import duty to 12.5% from 10% could lead to problems like smuggling

India's June gold imports rise 12.6% YoY as global prices jump: Reports

In India, local prices jumped to a record high in June, moderating demand from retail consumers

Gold imports dip 5% to $26.93 bn in April-Jan period on weak global cues

After recording negative growth for three consecutive months -- October, November and December 2018, the imports grew by 38.16 per cent to $2.31 billion in January this year

Gold loses shine as imports collapsed in 2018 due to high domestic prices

Demand for gold, almost all of which is imported, has been declining in India as a slump in the rupee made the metal more expensive in the price-sensitive market

Gold imports dip 43% to $1.68 bn in Oct on low demand, depreciating rupee

India, the world's second-biggest gold consumer after China, imports about 900 tonnes of gold a year

Gold industry worried that govt will curb imports to stem CAD, rupee fall

Experts argue past restrictions have resulted in smuggling. They recommend safer alternatives to achieve govt's aims

Gold import seen shrinking 15% in 2018, despite festive jewellery push

Most of the consumer demand is for light-weight variety, and investment demand for gold is sluggish due to rising interest rates, tighter credit norms, among other factors

Gold imports at 7-month high in July as jewellers replenish stocks

Indian gold prices fell to their lowest level in six months in July

Norms on Korean gold imports may be changed before next CEPA meet

Revised CEPA deal signed this week lowered tariffs on Indian shrimps, popcorn, beer

After rising 71% in Dec, five reasons why gold imports will halve in Jan

After rising by a staggering 71% in Dec 2017, the decline in imports this month has its roots in both tradition and economics

Gold imports may fall 25% in October -December

Weak festival demand takes shine off; lower purchases by India could drag global prices

India's gold imports in Q4 may fall 25% on weak festive demand: Analysts

Lower gold purchases by India could drag global prices that have already fallen nearly 6 per cent from this year's peak

Gold imports surge on withdrawal of PMLA rule

From Oct 1, the govt has reduced the import tariff on gold by $18 to $413 per 10 grams

90% of South Korea gold imports by two business groups

Only two entities have together imported close to 10,000 kg of gold from India's free trade partner of South Korea since July, after implementation of the goods and services tax (GST). These imports in the form of coins and medallions have surprised the government, which is now examining ways to impose interim restrictions.Of the total of 11,000 kg imported from July 1 to August 9, around 90 per cent has been brought in by two business groups which have taken advantage of the favourable reduction in tax incidence under GST, routing their imports through Korea, say government sources. One of the two is a leading player in the jewellery business, with a bullion refinery in Hardwar, learnt to have imported around 7,000 kg. The other is a Delhi-based trader in the bullion business for over a generation, having imported around 3,000 kg."Only two players have imported almost all the gold. The free trade pact has been misused. Some restrictions will be put in place soon. Beside, a permanent .

Gold imports more than doubled in July

Demand is expected to slow in second half on new tax: WGC

GST impact: Surge in gold imports from South Korea alarms govt

The surge has in gold imports jumped to $338.6 million during July 1 and August 3 this year

Gold imports double to $11.25 bn in Q1 due to seasonal, festive demand

According to commerce ministry data, Gold imports stood at $4.90 billion in April-June 2016-17