The options include involving jewellers as collection centres, addressing of issues that banks have been facing and using domestically available gold for giving metal loans to jewellers for domestic sales.
Gold demand will go up in the second half of this year.
The customs duty from gold imports could be approximately Rs 8,000 crore, about less than half of what was collected a year ago.
Gold loans are a quick, easy and low-cost way to meet your immediate and emergency financing needs, but do ensure that you entrust your gold in safe hands after thorough due diligence, suggests Gaurav Gupta, founder and CEO, MyLoanCare.in.
Indian overtakes China in gold consumption.
In the second half of April, the discount on gold came down to $3 an ounce.
Official imports into India shrank almost 90 per cent in the six months to November
Concern would kick in if imports stay at or over 100 tonnes a month.
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.
Gold is seen as a preferred asset for all types of investors, even central banks.
Gold prices are set to drop further in the domestic market, owing to the rupee's appreciation.
The rouble has been falling steadily since early November and collapsed earlier this month following a spectacular decline in the price of crude oil to five-year lows.
Gold schemes are offering attractive returns to investors.
Gold import this financial year is estimated at 945 tonnes.
India made it mandatory for customers to disclose their tax code, or Permanent Account Number (PAN), for purchases above Rs 200,000.
U K Sinha said the equity market also helps in the growth of the Indian economy as the money invested in equities is utilised for infrastructure-building
Indian jewellery is widely prized for intricacy and craftsmanship.
Good monsoon, farm loan waiver -- the two key reasons behind more customers in jewellery shops
Import in the first nine months of the current calendar year fell 20 per cent to 525 tonnes from 658 tonnes in the year-ago period.
Recycling in India fell by 22 per cent to 14 tonnes against 18 tonnes.
Going ahead, the likely implementation of the goods and services tax bill in July and how the monsoons play out will have a bearing on India's demand for gold and gold jewellery
India's gold import bill, estimated at $3 billion in May, is seen falling further this month
India imported 769 tonnes of gold in 2014, down from 825 tonnes in 2013.
Gold demand in India -- one of most avid purchasers -- is interwoven with culture, tradition, the desire for beauty and the desire for financial protection.
Replaces China as imports more than double to 204 tonnes in September quarter, with demand up 39%.
The best way to curb gold demand is by reducing black money in circulation.
Gold demand in rural India is expected to be lower this year with weak monsoon affecting household savings, according to the World Gold Council (WGC).
A downturn in Indian demand could hit global gold prices.
The World Gold Council, which represents the mining industry, puts India's demand between 850 and 950 tonnes in 2014.
Supply through recycling of used gold declined to around 10 tonnes in the second quarter of the current calendar year.
Gold has held up better than many expected.
Globally, jewellery buying fell 14%, investment slid 11%.
In an interview to Business Standard, Rangarajan says CAD will be brought under control at around two per cent of the gross domestic product.
In the past 18 months, the department of revenue intelligence has seized 50 containers of cigarettes, valued at nearly Rs 200 crore
Gold demand in India is expected to be robust in 2014, likely leading to a further jump in smuggling if curbs on bullion imports remain, the World Gold Council (WGC) said.
Based on the estimate, a courier bringing in 1 kg of gold currently worth around $40,000 at world prices could earn $470 if not caught.
At nine-month high, current prices attractive; consumers want to cash in before a correction
India's biggest jewellers' association has asked members to stop selling gold bars and coins.
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