Gold imports

Last Updated: Sun, Feb 03, 2013 05:01 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.

More from Sify: