Gold imports up 61% at 155 tonnes in April-May
India's gold imports shot up by about 61 percent to 155 tonnes in the first two months of the current fiscal mainly due to weak prices globally and the easing of restrictions by the Reserve Bank.
Aug 02, 2015, 11:26 AM IST
Gold imports dip almost 37% to $1.96 bn in June
Imports of the precious metal stood at USD 3.12 billion in the same month of 2014. In May this year, the imports were worth USD 2.42 billion.
Jul 15, 2015, 22:03 PM IST
Govt mulls raising Rs 15,000 cr through gold bond scheme
Government is looking at raising Rs 15,000 crore in the current fiscal through the gold bond scheme, for which a cabinet note is likely to be moved for consideration later in the month.
Jul 07, 2015, 17:41 PM IST
WGC welcomes govt's draft policy on sovereign gold bonds
The government's proposed policy on sovereign gold bonds would provide investment choice to consumers and integrate gold further into regulated financial sector, the World Gold Council said on Friday.
Jun 19, 2015, 20:42 PM IST
'Gold sovereign bonds to address import issues'
Centre's gold sovereign bond scheme is expected to address pure investment demand for the yellow metal, says India Ratings and Research (Ind-Ra).
Jun 19, 2015, 19:12 PM IST
Sovereign Gold bonds can save up to $2 billion of metal imports
Sovereign Gold bonds (SBGs) provide a good alternative for investors and if subscribed fully in the first year it will result in a saving of USD 2 billion on imports of the precious metal at current prices, says a report.
Jun 19, 2015, 17:37 PM IST
Govt proposes gold-linked bonds to lower bullion imports
India is planning to issue sovereign bonds linked to the bullion price in an effort to divert some of the estimated 300 tonnes of annual demand for gold bars and coins, and reduce bullion imports that can push up the trade deficit.
Jun 19, 2015, 13:59 PM IST
Govt weighs sovereign gold bonds to keep tabs on imports
The government is planning to issue sovereign gold bonds linked to the price of the yellow metal, a proposal aimed at reducing demand for gold and control trade deficit.
Jun 19, 2015, 11:11 AM IST
'Removal of benefits in foreign trade policy to hit exports'
Removal of benefits on exports to African countries in the new foreign trade policy will affect shipments of value added products like cotton dyed and printed fabrics, textile industry body said on Tuesday.
Jun 16, 2015, 20:54 PM IST
Gold imports tick up 10.47% to $2.42 billion in May
Gold imports grew 10.47 percent to USD 2.42 billion in May on declining prices and easing of restrictions by RBI.
Jun 16, 2015, 14:03 PM IST
Exports dip 20.19% in May; down 6th month in a row
Trade deficit narrowed to a three month low of USD 10.4 billion in the month under review compared with USD 11.23 billion in May 2014, according to data released by the commerce ministry.
Jun 16, 2015, 11:44 AM IST
Trade deficit narrows to $10.4 billion in May
The country's gold imports were however increased by 10.4 percent to $2.42 billion in May this year.
Jun 16, 2015, 11:06 AM IST
RBI estimates current account deficit at 1.5% in FY16
Current account deficit is estimated to be around 1.5 percent of the GDP in the current fiscal, helped by sharp fall in oil prices even as gold imports rose in the past few months, the Reserve Bank said on Tuesday.
Jun 02, 2015, 15:34 PM IST
Gold imports rise 78.33% at $3.13 billion in April
The CAD in the first half of this fiscal declined to 1.9% of GDP ($18 bn) from 3.1% ($27 bn).
May 15, 2015, 20:00 PM IST
India imports 60 tonnes gold so far in May: Report
India, the world's biggest gold consumer, has imported 60 tonnes of the yellow metal so far in May, a television channel reported on Friday quoting Revenue Secretary Shaktikanta Das.
May 15, 2015, 13:05 PM IST
RBI holds 557.75 tonne gold; 20K tonne held by public: Govt
The Reserve Bank holds 557.75 tonne gold while over 20,000 tonne of the metal is held by the public in the country, Parliament was informed on Tuesday.
May 05, 2015, 21:01 PM IST
RBI holds 557.75 tonne gold; 20k tonne held by public: Govt
The Reserve Bank holds 557.75 tonne gold while over 20,000 tonne of the metal is held by the public in the country, Parliament was informed on Tuesday.
May 05, 2015, 16:34 PM IST
Gold imports up 19.5% at $34.32 billion in FY15
Gold imports surged 19.5 percent to reach USD 34.32 billion in 2014-15 due to declining prices and easing of restrictions by the Reserve Bank.
May 04, 2015, 15:29 PM IST
Rising gold imports no cause for alarm: Kher
The government on Wednesday said rising amount of gold imports is no cause for an "alarm" and action will be taken at an appropriate time.
Apr 22, 2015, 14:29 PM IST
Gold imports may rise 89% to 100 tonnes in April: GJF
The gold import stood at 53 tonne during April last year, according to data given by The All India Gems and Jewellery Trade Federation (GJF).
Apr 20, 2015, 21:03 PM IST
