Articles Tagged "india"

Indian Gold Demand on the Decline

Reuters reported that the fact that the Indian gold price has dropped one-quarter over the last year has left local buyers uncertain if the yellow metal is a good store of value.

India Eases Gold Import Restrictions

Mineweb reported yesterday that the Indian government has eased gold import restrictions. The move allows some of the country's banks in the private sector to buy the yellow metal from abroad.

Indian Gold Traders Strike Against “Crippling” Gold Import Curbs

Mineweb reported that on Monday, in response to a call from the Bombay Bullion Association and India Bullion and Jewellers Association, retailers and jewelers in India went on strike to protest the restrictions the government has placed on inbound gold shipments.

India Considering Gold Import Tax Reduction

The Wall Street Journal reported yesterday that before the end of the month, India will likely reduce its gold import tax to between 6 and 8 percent. Currently, the tax sits at 10 percent.