India is also giving Indian consumers an incentive to buy. Its July Union Budget slashed gold import duty from 15% to 6%. As we approach the late October festive season, the World Gold Council estimates India to register incremental consumer demand of at least 50t for the rest of this year...
The gold bar imports by the country recorded notable jump in March this year. The monthly import statistics suggest that total gold bar imports by the country during the month amounted to INR 4,453.98 (US$ 641.05). In rupee terms, the gold bar imports were up by more than 19%. The imp...
What is Taxation on Gold in India? When you buy and sell gold in India for a profit, then capital gains tax will apply. Also, if the value of gold is over Rs. 30 lakhs, then you have to bear the wealth tax. It is better to follow the taxation rules and pay tax on gold when ...
The World Gold Council has announced that Somasundaram PR, Regional CEO, India, will step down from his current position next year when his successor has been appointed. Somasundaram PR joined the World Gold Council in January 2013 and during the last decade has played an instrumental part in ...
People carrying more than 10,000 euros (8,413.56 pounds) in cash already have to declare this at customs when entering the EU.The new rules would allow authorities to seize money below that threshold "where there are suspicions of criminal activity," the EU executive commission said in a not...
9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook Gold Market (redirected fromGold Markets) Encyclopedia Thesupplyanddemandfor thebuyingandsellingof gold, a majorprecious metal. Because gold is considered ahedgeagainstinflation(that is, it retains itsvalueduring bou...
introduced a whole series of restrictions in an attempt to dampen gold imports. The logic was that lower gold imports would means a lower value of total imports and thus directly lower the trade deficit. Some of the following restrictions altered the existing rules which had been put in place...
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The Art of Money Getting or, Golden Rules for Making Money by P.T. Barnum That we are born "free and equal" is a glorious truth in one sense, yet we are not all born equally rich, and we never shall be. One may say; "there is a man who has an income of fifty thousand dollar...
LBMA : Updated Good Delivery Rules and Procedures for GDL Applications.. RICK RULE predicts soaring gold prices amid US fiscal imbalance How Liquid Are Physical Gold Assets And What Makes Them Easy To Conver.. SWISS gold exports rise in November on jump in supplies to India LBMA : Two Refiner...