Search For "gold import"
Higher gold imports widen trade deficit to five months high at USD 19.1 bi
Updated : 2 years ago IST
Despite strong gold demand in March, the market saw an unexpected downturn as jewellers stocked up for the Indian wedding season.
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Silver market witnesses surge in imports, 260 per cent increase in figures
Updated : 2 years, 1 month ago IST
Amit Gupta, a researcher at Kedia Advisory, commented on the phenomenon, stating, "As gold rallied, people are now moving towards silver, resulting in higher imports. Consumption in industrial use has also improved."
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India restricts imports of some gold jewellery, articles
Updated : 2 years, 10 months ago IST
Through a notification on Wednesday, the Directorate General of Foreign Trade (DGFT) amended the import policy for unstudded jewellery made of gold, and other articles made of gold to the "restricted" category from earlier “free”.
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Malabar Gold and Diamonds becomes the first jewellery group in India to ob
Updated : 3 years ago IST
Mumbai (Maharashtra) [India], May 19 (ANI/NewsVoir): Malabar Gold and Diamonds, one of the largest gold and diamond retail chains of the country, has become the first jewellery group in India to obtain a TRQ (Tariff Rate Quota) license from the Director General of Foreign Trade (DGFT) whereb
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China's gold imports from Russia rise despite sanctions: Russia
Updated : 3 years, 4 months ago IST
In 2022, China bought a total of 6.6 tons of Russian gold worth a record USD 386.9 million, including shipments in both unprocessed (3.7 tons) and semi-processed form (2.9 tons).
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Reduce gold import duty to curb smuggling, says Malabar Gold chairman MP A
Updated : 3 years, 4 months ago IST
New Delhi [India], January 23 (ANI/Mediawire): The organized gold jewellery retailers are urging the finance minister to cut gold import duty in the Union Budget 2023-24 as any reduction in duty will help curb gold smuggling, boost exports of gems and jewellery, and empower organised jewelle
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EU to ban Russian gold imports in new sanctions package
Updated : 3 years, 10 months ago IST
Brussels [Belgium], July 15 (ANI/Xinhua): The European Commission on Friday adopted a proposal for a seventh package of measures that will ban the importation of Russian gold.
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Widening trade deficit pushes India to disincentivize gold imports
Updated : 3 years, 10 months ago IST
New Delhi [India], July 6 (ANI): India is experiencing a widening trade deficit, this essentially means that it is buying more goods and services than it is shipping out. India's trade deficit widened to a record $25.63 billion in June 2022, whereas it stood at $70.25 billion during April-Ju
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India raises import duty on gold
Updated : 3 years, 11 months ago IST
New Delhi [India], July 1 (ANI): The Centre has raised the import duty on gold from 7.5 per cent to 12.5 per cent, as per an official gazette notification.
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ED arrests Sanjay Agarwal under PMLA for smuggling gold
Updated : 4 years, 6 months ago IST
New Delhi [India], November 30 (ANI): Enforcement Directorate (ED) arrested Sanjay Agarwal, who is allegedly accused of smuggling and diversion of duty-free gold, imported through the nominated agencies like MMTC and Diamond India Limited, under the charges of the Provisions of Money Launder
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DRU GOLD, The Hyderabad Gold Recycling Start-up Provides Customers with th
Updated : 5 years, 4 months ago IST
Hyderabad (Telangana) [India], January 21 (ANI/NewsVoir): DRU GOLD, Hyderabad based trusted gold recycling start-up, opens its doors to invite consumers to unlock the optimum value from their Gold and Jewellery with the best in market exchange rates. The start-up which is in line with the 'A
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Govt. clarifies position on 80:20 gold import scheme
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar. 12 (ANI): The past few days have seen some misapprehensions being generated on the scheme of gold imports known as the 80:20 scheme. The government on Monday issued a statement, clarifying its position.
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