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For Nominated Agencies India Tightens Gold Import Norms

For the authorized agencies, India has made gold import norms more stringent. Now the agencies can import the precious metal only for exporting and not for domestic selling. By announcing this change in importing norms, the government on Wednesday issued a circular. As per the circular, it stated that the certified gold importers “…are able […]

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To curbs Korea objects on gold imports

To restrict all forms of gold imports from the country South Korea has objected to India’s move, saying India should have discussed the issue first instead of unilaterally taking the decision as it is not compliant with the norms. In Seoul later this week, between the two countries, the objection comes ahead of a high […]

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Gold import

By 236% in May Gold import increased

Before the implementation of GST from July 1 India’s large gold imports in 30 months have made the trade deficit grow further and become the highest. When seen on YOY basis, in May the exports of the country rose by 8.3% and reached $24 billion, as per the data made by the commerce ministry. However, […]

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