2013 September 27

Gold Ends Lower On Strong Dollar, Data

Gold futures ended lower Wednesday, as the dollar strengthened against a basket of some major currencies even as investors digested some macroeconomic data out of the U.S. with initial jobless benefit claims declining last week. The precious metal pared some of the losses after pending home sales in the U.S.

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India's gold bar imports plunged 68% year-on-year in August

The Gems and Jewelry Export Promotion Council (GJEPC) has released the latest data for imports of raw materials for gems and jewelry. According to the data, the gold bar imports by the country witnessed a huge fall of 67.61% in August over the year. The provisional figures released by GJEPC

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Jewellers rejoice at RBI relaxation

The Reserve Bank of India (RBI) has relaxed foreign currency lending norms for jewellery exporters. It has asked banks to re-allocate export credit in foreign currency, based on a bank's policy to cover currency fluctuations. This may either raise or lower the rupee equivalent of the foreign currency component of

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