Symbol: GOLD| Contract: Oct, 2017| Category: Bullion
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Gold's Latest News
The Directorate General of Foreign Trade issued a notification dated Aug. 14 that stated exports of jewellery or medallions, containing gold of 8 carats and above up to a maximum limit of 22 carats shall only be permitted, without giving a reason.
Domestic gold and silver prices fell, tracking global cues.
The surge in gold imports in July contributed to the widening of trade deficit to $11.44 billion as against $7.76 billion in July 2016.
It is the lowest export growth since November 2016 when shipments had expanded by 2.29 per cent.
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