On December 27, 2013 13:39 (IST)
Gold was little changed in thin trade on Friday, heading for its biggest annual loss in more than 30 years as hopes of a global economic recovery and rallies in equities dent its appeal as an alternative investment.
On December 26, 2013 16:28 (IST)
In India gold prices however have not seen a similar decline as witnessed in global markets. The Indian government had hiked import duty on gold to 10 per cent, negating much of the decline in global prices.
On February 15, 2013 23:39 (IST)
The government today slashed the import tariff value of gold to $535 per 10 gram and reduced the rate for silver marginally to $1,003 per kg due to weakening global prices of precious metals.