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India no longer worried about gold imports

Posted by ipso facto @ 10:28 on January 9, 2015  

Recent speculation that very strong gold imports into India in October and November would lead to further import restrictions, a new statement suggests that this is no longer seen as necessary.

A Reuters report yesterday quoted India’s Trade Secretary Rajeev Kher as saying that the country’s Current Account Deficit (CAD) was now under control so there was no need to impose further import controls on gold.

more http://www.mineweb.com/india-no-longer-worried-gold-imports/

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.