In the past 18 months, the department of revenue intelligence has seized 50 containers of cigarettes, valued at nearly Rs 200 crore
The scheme is yet to take off.
Bullion may settle with limited upside potential
Silver prices have fallen by eight per cent in 2015 to Rs 34,290 a kg.
Gold import in the December quarter is estimated to come down.
Prices moved up sharply in recent months.
The Bureau of Indian Standards has certified 33 hallmarking centres in the country to act as collection and purity testing centres for the gold monetisation scheme.
Veterans recall they haven't seen gold falling for 3 years in a row.
Trend could continue on downward revision in winter harvests.
In Zaveri Bazar, gold is being traded at Rs 26,920/10 gm
Plans to enhance buffer stock to 500,000 tonnes; Gujarat exempts importers from stock limit
Price up on weak dollar and strong demand
The price of gold in India seems to have bottomed out.
Import is returning to the normal prevailing three years ago
The southwest monsoon season was deficient by 16 per cent.
Report says gold being exported by persons of Indian origin and routed through Dubai
Prices have remained lower this year.
Attractively low prices, rising demand and a favourable ratio to gold point to better days ahead for the white metal.
By December 2015, the total imports will touch 1000 tonnes.
Private traders had placed orders early this month with Egyptian suppliers at $320 a tonne
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances