Marriage season will end in the next two months and import growth is likely to taper off
Indian exporters are said to be exporting gold jewellery with minimum value addition to get a higher gold import quota for domestic market after imports linked to exports under the 80:20 rule.
Price of ladies finger shot up staggering 236% at Vashi wholesale market last month.
The bill on October 2013 was $1.01 billion for 38 tonnes.
Silver is emerging as a stronger bet for the long-term.
This has steered a rally in global equities and dollar Index also ticked higher, trading near its four year high.
Move comes after agencies unearth several cases of misuse of the 80:20 scheme.
When overall gems and jewellery exports remained resilient so far this year on global economic uncertainty, shipment of silver jewellery witnessed a phenomenal growth so far this year.
China has cast a long shadow on India's economy.
Import bill for September rises to $3.5-4 billion as traders and retailers stock up the precious metal.
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.
A sightholder is a company on the Diamond Trading Company's list of authorised bulk purchasers of rough diamonds.
Indian diamantaires are looking to go slow on rough diamond purchase during the remaining quarters of the current financial year, thanks to weak global sentiment.
Ban on US-EU import of meat & poultry products could, if we get active, allow us to access a $128-billion market.
Vegetables account for 5.44 per cent of the Consumer Price Index.
The fall in global prices resulted in a drastic decline in the Food Price Index compiled by the United Nations' Food and Agricultural Organization. Based on the prices of a basket of internationally traded food commodities, the FAO Food Price Index averaged at 203.9 points in July, down 4.4 per cent (2.1 percentage point) from a revised value in June. This level was seen earlier in January, at 203.2 points.
Stocks such as NIIT, Punj Lloyd, Gati, Welspun India and BEML are favourites of the trading community.
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India eats 1.2 million tonnes of onions a month and the current stock will last till the end of August.
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