Jul 10, 2014 at 17:29 | Source: CNBC-TV18
The 80:20 rules were the biggest impediment for smooth operations of imports and development of premiums on gold as the export relation to imports had no relevance and had built a big parallel economy," Haresh Soni, Chairman of All India Gems and Jewellery Trade Federation said.
Jul 10, 2014 at 17:29 | Source: Reuters
Gold rose to its highest since March on Thursday as European shares fell after weak economic data and the dollar remained flat following minutes of the Federal Reserve's June meeting, which gave no sign about the timing of any interest rate rise.
Jul 10, 2014 at 13:47 | Source: CNBC-TV18
Jaitley's comments on fiscal consolidation, fiscal prudence hints at the fact that the government has taken the responsibility of the countrys economy, and that is a positive, says Ramesh Damani, member, BSE & NSE.
Jul 10, 2014 at 13:33 | Source: CNBC-TV18
Uday Kotak, executive vice chairman and managing director, Kotak Mahindra Bank says the Budget has given much a needed focus on sectors like infrastructure, realty, education.
Jul 10, 2014 at 11:02 | Source: Moneycontrol.com
According to Angel Commodities, gold and silver prices are expected to trade higher as Feds is not likely to raise the interest rates soon, although it plans to end the bond buying programme after its October meeting if the economic conditions permit.
Jul 10, 2014 at 10:30 | Source: CNBC-TV18
International markets are also eyeing developments in the second-biggest consumer India, where the new government is expected to cut a record high import duty on gold at the Budget to be presented today.
Jul 10, 2014 at 10:15 | Source: Moneycontrol.com
According to Emkay, Gold prices are expected to remain in a range to down for the day over statement from Fed for ending the QE program and budget announcement over gold import duty in Indian Budget.
Jul 10, 2014 at 10:14 | Source: CNBC-TV18
Jewellery stocks are on buyers' radar on Thursday on hopes that the Finance Minister Arun Jaitley may cut gold import duty in its maiden Union Budget. Gitanjali Gems was up 4.5 percent and PC Jeweller rallied 3 percent.
Jul 10, 2014 at 09:08 | Source: Reuters
The drop to 6 percent in import duty "is practical and it may be reduced further. A reduction in import duty may encourage more demand from the consumers", Bachhraj Bamalwa, director at the All India Gems and Jewellery Trade Federation, told the Reuters Gold Forum.
Jul 10, 2014 at 08:00 | Source: Reuters
Markets were also eyeing developments in the second-biggest consumer India, where the new government is expected to cut a record high import duty on gold at the budget to be presented today.