Symbol: GOLD| Contract: Jun, 2016| Category: Bullion
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Gold's Latest News
India's gold imports in February fell 34 per cent compared with the same period last year, news agency NewsRise Financial reported on Monday, citing a government official, as high prices and hopes for a cut in import taxes kept buyers away.
With the onset of the festive season, the gems and jewellery industry fears losing out on sizeable sales, with some industry leaders saying continuation of the strike will be a "disaster" for the business.
The government on Friday tweaked its gold monetisation scheme to allow repayments in gold for medium- and long-term deposits, making the plan more attractive for temples that are sitting on thousands of tonnes of the metal.
Gold held steady above $1,230 an ounce on Friday, after posting its biggest quarterly rise in nearly 30 years on waning expectations of U.S. rate hikes, with investors waiting for U.S. non-farm payrolls data for more cues.
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Gold's Latest Videos
Hope Duty Hike On Jewellery Will Be Rolled Back : Rajesh Mehta
Hopes of Gold Import Duty Cut Affecting Sales: Titan
Gold Rally Seen Impacting Markets in November: Sanjiv Bhasin
Expecting Strong Gold Demand During Festive Season: Gitanjali Exports
Gold Prices Could Slump Further: G Chokkalingam
Gold Can Fall to $1,100, Says Jamal Mecklai
Gold Price Fall to Increase Jewellery Demand: PC Jewellers
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