|Chennai||Rs. 25020.00 (-0.32%)|
|Mumbai||Rs. 26110.00 (0.19%)|
|Delhi||Rs. 25850.00 (0%)|
|Kolkata||Rs. 25720.00 (-0.66%)|
|Kerala||Rs. 24850.00 (-0.6%)|
|Bangalore||Rs. 25200.00 (0%)|
|Hyderabad||Rs. 25020.00 (-0.2%)|
Gold imports into India surged 23 percent to 100 tonnes in January, the head of the leading trade body here said, as traders snapped up supplies ahead of a hike in duty by a government struggling to rein in its import bill.
India is the world's biggest bullion buyer and the government is trying to curb imports -- second only to oil in value -- to rein in a current account deficit which hit a record 5.4 percent of gross domestic product in the September quarter.
January's imports were the highest in 18 months. The government hiked import duty to 6 percent from 4 percent on January 21 after hints from Finance Minister P. Chidambaram on January 2 there could be an increase.