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Last Updated:May 12, 2026, 1:20 PM IST Could avoiding gold purchases for a year strengthen India’s economy? Experts say gold prices may still witness a major surge by 2027 despite weaker demand Economists also argue that reducing gold imports could help stabilise the rupee against the US dollar. A stronger rupee may eventually reduce the…
New Delhi53 minutes ago copy link The central government has given permission to 15 major banks of the country to import gold and silver till March 31, 2029. Big names like State Bank of India (SBI), Punjab National Bank (PNB) and HDFC Bank are included in this list. This approval has become effective from 1…
The central government has given permission to 15 major banks of the country to import gold and silver till March 31, 2029. Big names like State Bank of India (SBI), Punjab National Bank (PNB) and HDFC Bank are included in this list. This approval has become effective from 1 April 2026. The Directorate General of…
New Delhi: The Directorate General of Foreign Trade (DGFT), under the ministry of commerce ministry has notified changes with respect to import of certain types of unwrought, semi-manufactured and powdered gold and silver under particular conditions. The modifications under India-UAE Comprehensive Economic Partnership Agreement (CEPA) between India and the Government of the United Arab Emirates…
New Delhi: The surge in trade deficit in the month of August was primarily driven by record Gold imports totalling USD 10.1 billion, according to a report by Emkay. As per the report, the spike in gold imports was due to the reduction in customs duty and increased demand ahead of the festive season. “The…