|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
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.