Commodity Trade Mantra

Posts Tagged ‘Import Duty on Gold’

How, What & Why India needs to do to Improvise it's Gold Market

The gold market in India is in a mess. Smuggling continues big time. Seizure of smuggled-in-gold barely accounts for 3% of volumes each year. Almost 90% of the gold in the markets is adulterated. So, can the situation be remedied? Yes, if there is political will, and the willingness to take a fresh look at gold markets. Here are the things that the government should do. Immediately.

Curbs On Gold Imports In India To Stay Despite Easing Trade Gap

India will keep a tight leash on gold imports despite a recent improvement in its trade deficit and lobbying by a bullion industry struggling with high premiums and a supply crunch – Indian importers have never been subject to restrictions and that is why they are finding this very painful.

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