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Gold imports dip 5% during April-January to $26.93 billion

Sunday, February 17, 2019, 6:50 PM

The country's gold imports dipped about 5% in value terms to USD 26.93 billion during April-January 2018-19, which is expected to keep a lid on current account deficit. According to commerce ministry data, total imports of precious metal in corresponding period of 2017-18 stood at USD 28.23 billion. In volume terms, country's total gold imports increased by 22.43% to 955.16 tonnes in 2017-18.
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Gold Prices Fall On Weak Global Cues

Monday, February 11, 2019, 4:24 PM

Gold prices on Monday fell by Rs.55 to Rs.34,225 per ten grams at the bullion market. The yellow metal tracked a weak trend overseas amid tepid demand from local jewellers, reported news agency PTI quoting the All India Sarafa Association. Silver also followed suit and weakened by Rs.150 to Rs.41,100 per kg owing to reduced offtake by industrial units and coin makers.
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Assam budget proposes 1 tola gold ro brides, rice at Re 1 a kg

Wednesday, February 6, 2019, 4:59 PM

Assam Finance Minister Himanta Biswa Sarma on Wednesday presented a Rs 1,193 crore deficit budget for 2019-20 with no fresh taxes and introducing new schemes like providing rice to poor at Re 1 a kg and gold for brides. The budget also proposed to provide financial assistance to students, including girls from the minority community.

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