Monday, July 29, 2013

Of gold bars and coins

................Due to this increase in CAD, the Government suspended the sale of gold bars and coins, a move that is likely to continue till the deficit is reduced to a significant extent. Small and large jewellers, and major jewellery retail chains have been requested to stop sales and taking orders of coins and gold bars. Besides this, the RBI too has put restrictions on banks on imports of gold. Import duty was hiked to 8 per cent...............

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