2013 December 23

Gold edges up on Fed’s stimulus move

Gold today rose from its lowest close in more than three years to pare a weekly loss that was spurred by the US Federal Reserve’s decision to begin tapering stimulus. Goldman Sachs Group said that bullion’s decline isn’t over as it heads for the biggest annual drop since 1981. Gold

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Jewellery drives India's trade with Hong Kong

The rise in the jewellery business is set to treble India’s trade with Hong Kong to $50 billion by 2020, Benjamin Chau, deputy executive director of the Hong Kong Trade Development Council (HKTDC), has said. Chau is on a tour to India to promote Asia’s largest trade exhibition, the HKTDC

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Commerce Ministry for easing gold import norms for exporters

Seeking to push exports, the Commerce Ministry has asked its Finance counterpart to ease restrictions on import of gold, imposed by the RBI. In a letter to Economic Affairs Secretary, Arvind Mayaram, Commerce Secretary S.R. Rao has asked him to “look into the matter (gold imports by exporters) and issue

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Even more smuggled gold enters India

In the biggest ever catch at the Hyderabad airport, customs officials have seized 18 kilograms of gold and arrested three people. Gold bars worth over $804,826 (Rs 50 million) were seized on Friday at the international airport from passengers trying to smuggle in the precious metal. The trio had arrived

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