Gold imports may rise in Oct-Dec - Kotak

Wed Jan 2, 2013 12:45pm IST

Gold bars are displayed at a gold jewellery shop in Chandigarh May 8, 2012. REUTERS/Ajay Verma/Files

Gold bars are displayed at a gold jewellery shop in Chandigarh May 8, 2012.

Credit: Reuters/Ajay Verma/Files

Related Topics

Reuters Market Eye - Finance Minister Chidambaram says government considering raising cost of gold imports, a key contributor to India's record current account deficit and thus a pressure on the rupee.

Gold imports showed some moderation in July-September, with bullion's share of total imports declining to 8.9 percent compared to 11.6 percent in same quarter in previous year, says Yes Bank.

Gold imports may have risen in the October-December quarter which included the Diwali and marriage season, and imports may remain high as real returns from domestic deposits remain low, says Kotak Mahindra Bank.

RBI is pushing for gold being held via exchange traded funds, inflation linked bonds as alternatives.

(Reporting by Subhadip Sircar)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Drug Pricing

REUTERS SHOWCASE

Modi Speaks

Modi Speaks

PM Modi says al Qaeda will fail in India - CNN.  Full Article 

Price Cap

Price Cap

India caps prices of 36 more drugs to improve access - govt official.  Full Article 

India-US Diplomacy

India-US Diplomacy

Obama to nominate Indian-American Richard Verma as India ambassador - congressional source.  Full Article 

Importing Rice

Importing Rice

Top rice exporter India importing over 100,000 T on temporary supply squeeze.  Full Article 

GSK Fined

GSK Fined

China hands drugmaker GSK record $489 mln fine, sentences executives.  Full Article 

HMT in Demand

HMT in Demand

Fans rush to HMT as watchmaker marks time.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage