Demonetisation Gold Imports
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Government Not Considering Gold Amnesty Scheme: 10 Things To Know
The government is not considering any gold amnesty scheme, Finance Ministry sources said on Thursday. The clarification by Finance Ministry officials followed media reports that had suggested the government was planning a gold amnesty scheme as part of its efforts to unearth unaccounted wealth stashed in the form of yellow metal. The reports had sa...
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Gold Imports Fall Sharply Post-Demonetisation
Gold imports reduced to 54.1 tonnes in December and 53.2 tonnes in January from a high of 119.2 tonnes in November, the month during which the government scrapped the old Rs 500/1,000 notes.
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Noida Jeweller's Arrest Unearths Rs 150 Crore Bullion Fraud: Directorate of Revenue Intelligence
The Directorate of Revenue Intelligence has claimed to have unearthed an alleged fraud worth Rs 150 crore with the arrest of a Noida-based jewellery manufacturing unit owner, who reportedly diverted imported gold from Dubai to Indian market post demonetisation.
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Axis Bank, India's Top Gold Importer, Suspends Bullion Dealers Accounts
There have also been reports of people rushing to buy gold by paying as much as a 50 percent premium above official prices using their unaccounted money to skirt the note ban.
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December Gold Imports To Halve As Cash Crunch Squeezes Demand
Lower imports by the world's second-biggest consumer of gold could weigh on global prices that are already trading near their lowest level in 10 months.
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Scrap Gold Supply To Halve As Cash Crunch Bites
Lower scrap supplies could force the south Asian country to raise imports, which will support global prices that are near their lowest level in five-and-a-half months.
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Gold Next In PM Modi's Fight Against Black Money? Rumours Spook Traders
The All India Gems and Jewelry Trade Federation dismissed the messages among traders as a rumour, but some are nevertheless buying extra gold for the wedding season and to see themselves through the next few months, said an official with the India Bullion And Jewelers Association.
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Government Not Considering Gold Amnesty Scheme: 10 Things To Know
The government is not considering any gold amnesty scheme, Finance Ministry sources said on Thursday. The clarification by Finance Ministry officials followed media reports that had suggested the government was planning a gold amnesty scheme as part of its efforts to unearth unaccounted wealth stashed in the form of yellow metal. The reports had sa...
-
Gold Imports Fall Sharply Post-Demonetisation
Gold imports reduced to 54.1 tonnes in December and 53.2 tonnes in January from a high of 119.2 tonnes in November, the month during which the government scrapped the old Rs 500/1,000 notes.
-
Noida Jeweller's Arrest Unearths Rs 150 Crore Bullion Fraud: Directorate of Revenue Intelligence
The Directorate of Revenue Intelligence has claimed to have unearthed an alleged fraud worth Rs 150 crore with the arrest of a Noida-based jewellery manufacturing unit owner, who reportedly diverted imported gold from Dubai to Indian market post demonetisation.
-
Axis Bank, India's Top Gold Importer, Suspends Bullion Dealers Accounts
There have also been reports of people rushing to buy gold by paying as much as a 50 percent premium above official prices using their unaccounted money to skirt the note ban.
-
December Gold Imports To Halve As Cash Crunch Squeezes Demand
Lower imports by the world's second-biggest consumer of gold could weigh on global prices that are already trading near their lowest level in 10 months.
-
Scrap Gold Supply To Halve As Cash Crunch Bites
Lower scrap supplies could force the south Asian country to raise imports, which will support global prices that are near their lowest level in five-and-a-half months.
-
Gold Next In PM Modi's Fight Against Black Money? Rumours Spook Traders
The All India Gems and Jewelry Trade Federation dismissed the messages among traders as a rumour, but some are nevertheless buying extra gold for the wedding season and to see themselves through the next few months, said an official with the India Bullion And Jewelers Association.
