Bullion traders said sustained buying by jewellery fabricators and retailers to meet the festive season demand mainly kept precious metal prices higher.
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Concern would kick in if imports stay at or over 100 tonnes a month.
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Traders said reduced offtake by retailers and jewellery fabricators at existing higher levels mainly kept pressure on the prices of both the precious metals.
Gold in global markets fell toward a one-week low as investors awaited the outcome of the US Federal Reserve's meeting and assessed the situation in Ukraine, which impacted the prices at domestic markets, traders said.
Imports too dipped by 23.1 per cent to $25.41 billion in the month under review as against $33 billion in April 2015.
India's exports grew marginally by 0.88 per cent.
Attractively low prices, rising demand and a favourable ratio to gold point to better days ahead for the white metal.
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The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing.
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'There can be no dispute over the adverse impact such a policy will surely have on India's manufacturing competitiveness,' notes A K Bhattacharya.
Shoppers Stop plans to open five or six department stores and 10-12 beauty stores this year
Silver is emerging as a stronger bet for the long-term.
Titan's sarees will ride on the parent brand's immense equity and deep penetration to crack open the potential Rs 550 billion market.
Singaporean brokerage DBS said in a report that it expects exports to pick up once the GST-driven distortions subsided, but it warned that the traditional product mix will hinder its ability to participate in the ongoing trade upturn.
Official sources say that the finance ministry is aware of the possible spike in smuggling activity and has already asked intelligence agencies to tighten their vigilance and come down on the unofficial entry of gold into India.
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Trade has grown steadily since 2004, before flattening out in the past couple of years.
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Silver followed suit and traded higher by Rs 200 at Rs 34,200/kg.
Indian market probably has more headroom than the US, says Geoff Lewis, senior strategist for Asia, Manulife Asset Management.
'The sari is a symbol of Indianism.' 'Once I was wearing a sari and walking in the middle of a market in Amsterdam and there was a musician playing a instrument.' 'When he saw me, he started playing an Indian song.' 'A sari has such strong cultural narrative.'
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Demand to remain high with festive season ahead and ongoing price fall
Dhanteras is considered auspicious for investment and buying gold.
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Patanjali Ayurved's rise has prompted most other babas to go back to the drawing board. Most of them are either scripting or re-jigging their business plans, says Arvind Singhal.
The government on Tuesday cut the import tariff value on gold and silver to $396 per 10 gram and $575 per kg, taking into account weak global trends.
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'If today, I have to take up a nude role, I will, if I like the script and the director.'' 'It has to affect me as a script and be meaningful.' 'It should not be to titillate the audience.'
The construction sector is now India's second-largest employer after agriculture, the trend coinciding with India's high-growth phase and decline in poverty levels
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