Edition:
India

Siddesh Mayenkar

Gold import rules likely to stay until next year - WGC

14 Aug 2014

MUMBAI/SINGAPORE Indian gold demand in 2014 will fall below last year's record levels as import restrictions are expected to remain in place, despite an improvement in demand in the second half of the year, the World Gold Council (WGC) said.

Gold premiums in India drop on excess supply, weak demand

25 Jul 2014

MUMBAI/SINGAPORE Premiums on gold in India nearly halved in the latest week as higher supplies and low domestic demand in a seasonally slack period weighed, while appetite for the precious metal in rest of Asia picked up slightly as prices dipped below $1,300 an ounce.

Asia Gold-Indian premiums drop on excess supply, weak demand

25 Jul 2014

MUMBAI/SINGAPORE, July 25 Premiums on gold in India nearly halved in the latest week as higher supplies and low domestic demand in a seasonally slack period weighed, while appetite for the precious metal in rest of Asia picked up slightly as prices dipped below $1,300 an ounce.

India surprises by keeping gold import duty at 10 percent

10 Jul 2014

MUMBAI/SINGAPORE India surprised bullion markets by keeping the import duty on gold and silver unchanged at 10 percent in its fiscal budget, a move likely to limit overseas purchases by the second-biggest bullion consumer and further encourage smuggling.

India may cut gold import duty at budget - industry official

09 Jul 2014

MUMBAI/LONDON India is likely to cut its gold import duty to 6 percent from a record 10 percent in Thursday's budget, leading to a rise in imports in the second half, a senior official at the country's biggest gold trade group said on Wednesday.

INTERVIEW-India may cut gold import duty at budget-industry official

09 Jul 2014

MUMBAI/LONDON, July 9 India is likely to cut its gold import duty to 6 percent from a record 10 percent in Thursday's budget, leading to a rise in imports in the second half, a senior official at the country's biggest gold trade group said on Wednesday.

RBI seeks to swap gold to improve reserves quality

02 Jul 2014

MUMBAI The Reserve Bank of India (RBI) said on Wednesday it has sought quotes from banks to swap gold in its own vaults for international-standard gold, aiming to improve the management of its reserves.

Gold jewellery exports in FY15 seen jumping by a quarter

18 Jun 2014

MUMBAI Gold jewellery exports from India are likely to grow by a quarter in the year to March 2015, helped by an expected relaxation of import policy and recovering demand from major consuming countries, the head of a trade body said on Wednesday.

Indian FY15 gold jewellery exports seen jumping by a quarter

18 Jun 2014

MUMBAI, June 18 Gold jewellery exports from India are likely to grow by a quarter in the year to March 2015, helped by an expected relaxation of import policy and recovering demand from major consuming countries, the head of a trade body said on Wednesday.

Gold premiums fall to four-month low on higher supplies

17 Jun 2014

MUMBAI Gold premiums in India, the world's second biggest buyer after China, fell to their lowest in four months after the Reserve Bank of India (RBI) allowed private companies to import gold.

World News

'Savage' Khashoggi killing was planned: Erdogan

Turkish President Tayyip Erdogan said on Tuesday there were strong signs Jamal Khashoggi's "savage" killing was planned and attempts to blame it on intelligence operatives - Riyadh has suggested it was a rogue operation -- "will not satisfy us".