Government hikes import tariff value on gold, silver
NEW DELHI: The government today hiked import tariff value on gold to $401 per 10 grams and on silver to $543 per kg in line with global price trends. The tariff value on imported gold was at $392 per 10 grams and for silver it was at $519 per kg in the first fortnight of this month. The import... read more »
Gold Edges Towards 12-Week High on Safe-Haven Demand
Singapore: Gold edged up for a third session out of four to hover near a 12-week peak on Wednesday, bolstered by safe-haven demand as tumbling oil prices and worries over global economic growth hit equities. FUNDAMENTALS Spot gold had ticked up 0.1 per cent to $1,231.80 an ounce by 0045 GMT. Gold... read more »
Gold firm ahead of US nonfarm payrolls report
SINGAPORE — Gold rose on Friday ahead of a closely watched US jobs report and the metal was set to post its first weekly gain in four thanks to safe-haven bids amid political uncertainty in Greece and robust Chinese demand. Spot gold ticked up 0.3% to $1,212.21/oz by 3.08am GMT but it was below a... read more »
India not planning further curbs on gold imports – trade secretary
India is not planning to impose any further curbs on gold imports as the current account deficit is under control, Trade Secretary Rajeev Kher said on Wednesday. The South Asian country has imported 7 tonnes of gold so far in January, while 39 tonnes of gold was imported in December, Kher said... read more »
