Commodity Trade Mantra
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Posts Tagged ‘Gold Import Rules’

India Eases Gold Import Rules As Smuggling Connected To Campaigns

India eased import regulations to allow some of the private sector banks to buy gold from abroad, a move that could double current monthly gold imports. Election officials are also looking into alleged cases of smaller political allies using smuggled gold to fund their pre-election campaigns.

Gold Investors Face Uncertainty on a Line-Up of Events in India

Gold prices have gained 11% this year till date, rebounding from the biggest annual decline since 1981, as signs of slowing economic growth increased demand. I expect gold and silver prices to remain highly uncertain & volatile in the Indian markets, based on a line up of major events in India.

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