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Gold refiners get a breather in duty rejig
With import of refined gold costlier and partly refined products more economical, they expect a market rise in business. Gold refineries are heaving a sigh of relief at the government's decision for differential customs duty for raw and refined gold, as has been demanded by the industry for a long time. India is the largest importer of refined gold, with an estimated 1,000 tonnes of arrival during
With import of refined gold costlier and partly refined products more economical, they expect a market rise in business. Gold refineries are heaving a sigh of relief at the government's decision for differential customs duty for raw and refined gold, as has been demanded by the industry for a long time. India is the largest importer of refined gold, with an estimated 1,000 tonnes of arrival during
Gold refineries diversify into alternative businesses
Low scrap availability, unfavourable govt policy tank their operating performance.
Low scrap availability, unfavourable govt policy tank their operating performance.
Scrap shortage leads to 50% fall in capacity utilisation of gold refineries
Scrap shortage from domestic sources has resulted in a decline in the operating capacity of gold refineries by almost 50 per cent against the annual average.
Scrap shortage from domestic sources has resulted in a decline in the operating capacity of gold refineries by almost 50 per cent against the annual average.
Scrap sales up 30% on profit-taking
The sales of used gold, known as scrap gold in commodity parlance, shot up 25-30 per cent on Wednesday as retail investors rushed to cash in on high prices before a correction, which analysts
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