2013 December 26

Gold recovers on Christmas demand, global cues

Snapping a two-day losing streak, gold prices recovered ` 125 to ` 30,175 per 10g in the national capital on Wednesday, on Christmas demand coupled with a firm global trend. Silver followed and gained ` 140 to ` 43,690 a kg on increased offtake by industrial units. Traders said besides

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Sharma for easing gold import norms to check smuggling

Advocating relaxation of gold import norms to check smuggling, Commerce and Industry Minister Anand Sharma said the government will take action at an appropriate time. "There is a mechanism to periodically review it (gold import norms). We will take an appropriate view as and when required," Sharma told PTI.The government

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