India Gold Import Duty Rises
Reuters reported that India has almost doubled its gold import duty while also raising taxes on silver.
Reuters reported that India has almost doubled its gold import duty while also raising taxes on silver.
Bloomberg reported that gold traders are turning bullish on the fast pace of gold buying by China and the US.
Bloomberg reported that gold imports to China from Hong Kong reached a record.
Reuters reported that India has approved four more banks to import gold and silver.
CNBC News reported that India's gold imports fell significantly in fourth quarter 2011, to 125 metric tons.
The Street reported that a decline in Indian gold imports and consumer confidence caused losses in gold markets.
Mineweb reported that October gold imports to China through Hong Kong were up 50% from September.
Reuters reported that imports of gold to India fell for the first time in five quarters.
Bloomberg reported that China imported 30% more gold from Hong Kong in September compared to August.
Mineweb reported that India wants to increase gold and silver imports to meet higher demand.
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