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Govt cuts import tariff value of gold, silver to $404 per ten grams and $635 per kg, respectively

Govt cuts import tariff value of gold, silver to $404 per ten grams and $635 per kg, respectively

The government has drastically reduced the import tariff value of gold and silver to $ 404 per ten grams and $ 635 per kg, respectively, considering the volatility of world prices. Until Sunday, the value of the tariff on imported ...

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Gold prices set to pare its gains for the week, equities gained

Gold set to snap 5-week rally on U.S. data, weak China demand

Within 24 hours, the gold market has experienced a change that the prices in the spot price and domestic futures market are set to come under pressure on Friday. Transformation has been such as the precious metal could eventually give ...

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Sonia effect? Govt may axe 80:20 scheme for gold import

Gold import: Govt may axe 80:20 scheme

The government is considering the possibility of ending the controversial scheme 80:20 to import gold, partly in an attempt to ease restrictions on imports of the yellow metal which led to an increase in smuggling. The program started in July ...

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Sonia Gandhi: reduce import duty on gold

Sonia Gandhi seeks gold import duty cut

To reduce the import duty on gold Congress President Sonia Gandhi has intervened. To reduce the import duty on gold Sonia Gandhi has written letters to the concerned Ministries of Commerce, reported CNBC-Awaaz. Sonia Gandhi wrote a letter to commerce ...

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One more shareholder director appoints on MCX Board

MCX appoints one more shareholder director on its Board

On of the major commodity exchanges MCX India, said today that it has named Rajiv S Abhyankar, CEO of Bank of Baroda, as a shareholder director on the board to fulfill the revised guidelines. Abhyankar’s appointment as shareholder director on the board ...

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FMC approve permanent trading in commodity futures to MCX, NCDEX, NMCE and ACE

FMC approve permanent trading in commodity futures to MCX, NCDEX, NMCE and ACE

Commodity Market Regulator FMC has given permanent approval to four national exchanges – MCX, NCDEX, NMCE and ACE – for commercial launch trade in particular set of futures contracts, instead of providing the permission of a base year. This relaxation ...

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Domestic gold prices set to shine by investors reshuffle their portfolios

Domestic gold prices set to shine by investors reshuffle their portfolios

The prices of gold in the domestic spot and futures market are set to rise on Monday, reflecting the global trend driven by reshuffling of portfolios by investors and weak equities. Gold holdings in exchange traded funds biggest gainers in ...

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Commodities regulator FMC relaxes margin norms for hedgers

Commodities regulator FMC relaxes margin norms for hedgers

To an extent that will increase the holdings of hedgers in the futures markets, the Commodities regulator Forward Markets Commission (FMC) has decided to implement regulatory mechanism differential margin for hedgers. Hedgers are different traders and profiteering the exchange platform ...

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