2013 December

In India, smugglers move gold like narcotics

Gold smugglers are adopting the methods of drug couriers to sidestep government crackdown on imports of the precious metal, stashing gold in imported vehicles and even using mules who swallow nuggets to try to get them past airport security. Stung by rules imposed this year to cut a high trade

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Slash exorbitant gold import duty

Sometimes, even a crash can be a good thing. India's current account deficit (CAD) has fallen to $5.2 billion, or a mere 1.2% of GDP in the second, July-September, quarter, from the 5% level in the same quarter last year and 4.9% of GDP in Q1 this year. Exports have

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All that glitters is gold: India Jewellery Review 2013

The Federation of Indian Chambers of Commerce and Industry (FICCI) in collaboration with the global management consulting firm ATKearnyhas released an yearly report highlighting the current condition of India’s jewelry trade. The document titled ‘All that glitters is gold: India Jewellery Review 2013’ also underlines the challenges faced by jewelry

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Gold tumbles on stockists selling, weak global cues

After two days of gains, gold tumbled by Rs 510 to Rs 31,015 per ten grams in New Delhi on Monday on stockists selling at existing higher levels amid a weak global trend. Silver also lost Rs 275 to Rs 44,800 per kg on poor offtake by jewellers and coin

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"China Support for Gold" by Mr. Prithviraj Kothari,MD,RSBL

The world witnessed one of the greatest historic deals as an agreement was reached between the United States and Iran over Iran's nuclear ambitions. This breaking news on the geo political front created hype hoopla in the market. However, the sentiments subdued on Thursday as the US markets were for

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