This means lower losses on fuel sales by Indian oil companies and a shrinking oil subsidy bill for the government.
A veteran bullion analyst expects monthly import to average 50 tonnes till December.
Despite the recent imposition of import rule and high duties, the yellow metal continues to attract buyers.
Short-term gains are always unpredictable.
ADB's calculations imply almost half of India's population (47.7 per cent) was below the line in 2010. Both these estimates are based on the year 2005's purchasing power parity rates.
Index of industrial production data had also shown that the sector grew at 3.1 per cent after contracting in the previous quarters.
Against National Democratic Alliance's 75 million target, United Progressive Alliance added 61 million in 2013-14.
Stocks such as NIIT, Punj Lloyd, Gati, Welspun India and BEML are favourites of the trading community.
Shortage of seeds, threat of El Nino expected to restrict sowing.
The proposed exchange is likely to be almost as big as Mumbai's Bharat Diamond Bourse, now said to be fully occupied.
MCX has been struggling to raise funds with a rights issue, ending on Thursday.
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The new provisions strengthen the hands of minority shareholders and will improve corporate governance.
Sun Pharma's offer was tempting because Ranbaxy was too busy fighting fires in the US to concentrate on operations.
Chary also says some government officials have played an important role in favouring organisations that MCX competes with.
In an interview to Business Standard, Rangarajan says CAD will be brought under control at around two per cent of the gross domestic product.
Prime Minister's Economic Advisory Council Chairman C Rangarajan dashes bullion firms' duty cut hopes.
MCX Stock Exchange is bullish on breaking-even in one year's time frame.
Recovery is attributed to higher domestic demand, export orders and import by NRIs.
The commerce ministry has called a meeting on Monday to discuss tighter norms amid reports of increased round-tripping of gold
MCX and MCX-SX are facing the worst crisis in their existence following the Rs 5,574 cr fiasco at the National Spot Exchange.
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