India Biggest Gold Consumer
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Gold Tax Hike Fuels Smuggling Fears; May Hit Festival, Wedding Season
India, the world's biggest consumer of gold after China, increased the import tax on the precious metal for the first time since 2013, spurring domestic prices to a record. Shares of jewelers slumped.
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Budget 2019: Gold Prices Go Up As Customs Duty Raised For First Time In 6 Years
Customs duty on gold and other precious metals were raised for the first time in six years today as Finance Minister Nirmala Sitharaman announced an increase in import duty from the current 10 per cent to 12.5 per cent while presenting her first Budget.
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Gold Demand Takes Hit As Prices Hover At 15-Month High
India is the second biggest consumer of the metal after China.
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Trade Deficit Widens To Over Three-Year High In December
Gold imports by India, the world's second biggest consumer of the precious metal after China, surged 71.5 per cent to $3.4 billion, the data showed.
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Import Duty On Gold May Be Cut In Forthcoming Budget, Says Report
India is the world's second biggest gold consumer after China. The import mainly takes care of the demand of the jewellery industry.
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Discount Stockbrokers Turn to Apps to Wean Indians Off Gold
India is one of the world's biggest gold consumers as millions looking to grow income have traditionally headed for the nearest jeweller.
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Chinese love affair with gold beats Indian demand: survey
China overtook India as the biggest consumer of gold in the world last year, ramping up its demand by 32.0 per cent from the 2012 level, the World Gold Council reported on Tuesday.
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Gold Tax Hike Fuels Smuggling Fears; May Hit Festival, Wedding Season
India, the world's biggest consumer of gold after China, increased the import tax on the precious metal for the first time since 2013, spurring domestic prices to a record. Shares of jewelers slumped.
-
Budget 2019: Gold Prices Go Up As Customs Duty Raised For First Time In 6 Years
Customs duty on gold and other precious metals were raised for the first time in six years today as Finance Minister Nirmala Sitharaman announced an increase in import duty from the current 10 per cent to 12.5 per cent while presenting her first Budget.
-
Gold Demand Takes Hit As Prices Hover At 15-Month High
India is the second biggest consumer of the metal after China.
-
Trade Deficit Widens To Over Three-Year High In December
Gold imports by India, the world's second biggest consumer of the precious metal after China, surged 71.5 per cent to $3.4 billion, the data showed.
-
Import Duty On Gold May Be Cut In Forthcoming Budget, Says Report
India is the world's second biggest gold consumer after China. The import mainly takes care of the demand of the jewellery industry.
-
Discount Stockbrokers Turn to Apps to Wean Indians Off Gold
India is one of the world's biggest gold consumers as millions looking to grow income have traditionally headed for the nearest jeweller.
-
Chinese love affair with gold beats Indian demand: survey
China overtook India as the biggest consumer of gold in the world last year, ramping up its demand by 32.0 per cent from the 2012 level, the World Gold Council reported on Tuesday.
