Thursday, June 6, 2013

Restriction in gold imports may lead increased smuggling

......."There is uncertainty in the market due to these restrictions. Domestic jewelers will have to pay upfront to the bank which at times become difficult for them. Moreover, they will have to place orders with the banks in advance. If a sudden demand emerges due to falling prices, jewelers will not be in a position to meet it instantly. They will have to wait till banks provide the metal." ............

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