2013 September 26

Why Indians love it when government makes gold expensive

KOLKATA: Government of India makes gold more expensive by hiking duties four times in 20 months, hoping this will deter citizens of India from holding more gold. But not only does gold remain attractive for Indians, expectations of a high price regime have increased its attractiveness.This is not a perverse

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India delegates top officials to mitigate hassles in gold import

A top-level meeting held under the Chairmanship of Commerce Secretary has decided to act swiftly on mitigating the hassles involved in gold imports to the country. Based on the detailed discussions held during the meeting, the Department of Commerce decided to appoint nodal officers to address all grievances and difficulties

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Bullion Market Report

Market Commentary October gold closed higher due to short covering on Wednesday as it consolidated some of the setback off last week's high. The highrange close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling

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