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Gold Prices In Dubai vs India: Check Import Duty, Restrictions
Kannada actress Ranya Rao's arrest at Bengaluru airport with 14.2 kg of gold has put the spotlight on gold smuggling and price differences between Dubai and India.
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Sensex Dips In Early Trade, Gold At Record High, Rupee Hits Another Low
The domestic benchmark indices opened lower on Monday as US President Donald Trump threatened to start imposing a new 25 per cent tariff on all steel and aluminium imports, including those from Canada and Mexico.
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In Union Budget 2024, Good News For Those Looking To Buy Gold
Finance Minister Nirmala Sitharaman today announced a reduction in import duties on gold to 6% from 15%, a move spelling good news for those looking to buy the yellow metal. The customs duty on silver has also been slashed.
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Budget 2023: Commerce Ministry Seeks Cut In Gold Import Duty To Boost Exports
The industry is pinning its hope on the forthcoming Budget to push exports and generate jobs in the sector, Ex Chairman, Gems and Jewellery Export Promotion Council (GJEPC), Colin Shah said.
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Platinum Imports Jump Record High As Refiners Take Advantage Of Tax Change
The platinum imports in September jumped multifold to a record high as refiners imported a large amount of gold containing small amounts of platinum but registered the purchases with customs as platinum alloy to avoid paying higher duties, government and industry officials told Reuters.
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Investment Demand To Lift India's Silver Imports To Record High
The silver imports are set to triple in 2022 from a year ago to record highs after a dip in prices to 2-year lows spurred investors to bet that the metal was primed for a rebound and could outperform gold in the coming years.
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Gold Import Tax Hike To Fuel Smuggling, Please Reconsider Decision: Industry Bodies
Jewellery and industry experts on Friday said the increase in import duty on gold to 15 per cent will fuel smuggling and urged the government to review the tariff rate on the yellow metal.
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Carnage For Reliance, ONGC Shares After Hike In Fuel Export Duty And Windfall Tax
Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.
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Centre Hikes Gold Import Tax To 12.5% As Rupee Hits Record Low
Gold Import Tax: India has raised its basic import duty on gold to 12.5% from 7.5%, the government said on Friday, as the world's second biggest consumer of the precious metal tries to dampen its demand and bring down the trade deficit.
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US Implements New Russia Sanctions On Gold, Defence As Agreed By G7 Heads
US sanctions on Russia: The US announced new steps to implement sanctions on Russia as agreed by G7 leaders, targeting Russia's defense industry, raising tariffs and banning gold imports from the country.
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PM Modi In Munich Highlights: G7 Leaders Agree On Ban On Russian Gold Imports
Prime Minister Narendra Modi arrived in Germany's Munich today to attend the G7 summit. He will hold meetings with G7 and partner countries and will hold discussions on issues ranging from environment, energy, to counter-terrorism.
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UK, US, Japan And Canada To Up Sanctions And Ban Russia Gold Imports
Britain, the United States, Japan and Canada will ban new imports of Russian gold as part of efforts to tighten the sanctions squeeze on Moscow for its invasion of Ukraine, the British government said on Sunday.
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Sovereign Gold Bonds New Issue Opens For 5 Days. Read Here
Sovereign Gold Bonds: The next tranche of SGBs is scheduled to open for subscription for five days beginning Monday. The issue price has been fixed at Rs 5,091 per gram of gold.
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Need You To Be Olympic Gold Medallist: BFI President Ajay Singh Congratulates Nikhat Zareen
Boxing Federation of India (BFI) President Ajay Singh said that it is important for the world of boxing that Nikhat Zareen wins a gold medal at 2024 Paris Olympics.
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Jump In Gold Imports By A Third To $46.14 Billion In 2021-22
India's gold imports, which have a bearing on the country's current account deficit (CAD), rose by 33.34 per cent to $46.14 billion during the 2021-22 fiscal on higher demand, according to official data.
-
Gold Prices In Dubai vs India: Check Import Duty, Restrictions
Kannada actress Ranya Rao's arrest at Bengaluru airport with 14.2 kg of gold has put the spotlight on gold smuggling and price differences between Dubai and India.
-
Sensex Dips In Early Trade, Gold At Record High, Rupee Hits Another Low
The domestic benchmark indices opened lower on Monday as US President Donald Trump threatened to start imposing a new 25 per cent tariff on all steel and aluminium imports, including those from Canada and Mexico.
-
In Union Budget 2024, Good News For Those Looking To Buy Gold
Finance Minister Nirmala Sitharaman today announced a reduction in import duties on gold to 6% from 15%, a move spelling good news for those looking to buy the yellow metal. The customs duty on silver has also been slashed.
-
Budget 2023: Commerce Ministry Seeks Cut In Gold Import Duty To Boost Exports
The industry is pinning its hope on the forthcoming Budget to push exports and generate jobs in the sector, Ex Chairman, Gems and Jewellery Export Promotion Council (GJEPC), Colin Shah said.
-
Platinum Imports Jump Record High As Refiners Take Advantage Of Tax Change
The platinum imports in September jumped multifold to a record high as refiners imported a large amount of gold containing small amounts of platinum but registered the purchases with customs as platinum alloy to avoid paying higher duties, government and industry officials told Reuters.
-
Investment Demand To Lift India's Silver Imports To Record High
The silver imports are set to triple in 2022 from a year ago to record highs after a dip in prices to 2-year lows spurred investors to bet that the metal was primed for a rebound and could outperform gold in the coming years.
-
Gold Import Tax Hike To Fuel Smuggling, Please Reconsider Decision: Industry Bodies
Jewellery and industry experts on Friday said the increase in import duty on gold to 15 per cent will fuel smuggling and urged the government to review the tariff rate on the yellow metal.
-
Carnage For Reliance, ONGC Shares After Hike In Fuel Export Duty And Windfall Tax
Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.
-
Centre Hikes Gold Import Tax To 12.5% As Rupee Hits Record Low
Gold Import Tax: India has raised its basic import duty on gold to 12.5% from 7.5%, the government said on Friday, as the world's second biggest consumer of the precious metal tries to dampen its demand and bring down the trade deficit.
-
US Implements New Russia Sanctions On Gold, Defence As Agreed By G7 Heads
US sanctions on Russia: The US announced new steps to implement sanctions on Russia as agreed by G7 leaders, targeting Russia's defense industry, raising tariffs and banning gold imports from the country.
-
PM Modi In Munich Highlights: G7 Leaders Agree On Ban On Russian Gold Imports
Prime Minister Narendra Modi arrived in Germany's Munich today to attend the G7 summit. He will hold meetings with G7 and partner countries and will hold discussions on issues ranging from environment, energy, to counter-terrorism.
-
UK, US, Japan And Canada To Up Sanctions And Ban Russia Gold Imports
Britain, the United States, Japan and Canada will ban new imports of Russian gold as part of efforts to tighten the sanctions squeeze on Moscow for its invasion of Ukraine, the British government said on Sunday.
-
Sovereign Gold Bonds New Issue Opens For 5 Days. Read Here
Sovereign Gold Bonds: The next tranche of SGBs is scheduled to open for subscription for five days beginning Monday. The issue price has been fixed at Rs 5,091 per gram of gold.
-
Need You To Be Olympic Gold Medallist: BFI President Ajay Singh Congratulates Nikhat Zareen
Boxing Federation of India (BFI) President Ajay Singh said that it is important for the world of boxing that Nikhat Zareen wins a gold medal at 2024 Paris Olympics.
-
Jump In Gold Imports By A Third To $46.14 Billion In 2021-22
India's gold imports, which have a bearing on the country's current account deficit (CAD), rose by 33.34 per cent to $46.14 billion during the 2021-22 fiscal on higher demand, according to official data.
