The scheme is yet to take off.
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.
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.
In Zaveri Bazar, gold is being traded at Rs 26,920/10 gm
The price of gold in India seems to have bottomed out.
Import is returning to the normal prevailing three years ago
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.
Mehta's export company is the largest integrated gold player in the world.
The rise was due to a sharp fall in prices, which spurred demand.
Demand to remain high with festive season ahead and ongoing price fall
India is still the best story in major emerging markets from a 5-year perspective.
India's gold import bill, estimated at $3 billion in May, is seen falling further this month
The government has retained 10% duty on import of the yellow metal.
Gold has held up better than many expected.
India Inc closed FY15 on a positive note.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances