Gold imports

By : Business Standard
Last Updated: Sat, Feb 02, 2013 19:10 hrs
The salesman displays gold bangles to a customer at a jewellery showroom in Chennai

To check gold imports, the government recently raised import duty on the yellow metal from four per cent to six per cent. It is expected the value of gold imports would decline to $44 billion in FY14 from an estimated $48.3 billion in FY13.

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