.....The arguments against easing up on gold import curbs are misplaced. Fears that the gold import bill will surge back to $50-60 billion levels if restrictions are eased are exaggerated. India’s unprecedented gold demand in 2011-12 was triggered mainly by investors chasing high returns from gold, due to the global downturn, double-digit inflation and poor returns from other financial assets. The circumstances today are different, with the global economy turning, inflation cooling and financial assets making a comeback. Gold has halted its 12-year bull run and .................
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