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Commodities Briefing - Categorized | Bullion/Gold, Trading more

India: Bullion traders approach govt over high gold premium

Posted on 24 October 2013

The bullion business seems to have lost glitter in the past couple of months. An increase in the import duty, exorbitant commissions charged by gold importing agencies and a lack of availability for domestic jewellers has left bullion traders wading through choppy waters.
Traders have sought relief from the central government. Recently, representatives of the All India Bullion and Jewellers Association (AIBJA) met the director general of foreign trade and senior government officials, including the revenue secretary and the economic affairs secretary, to air their grievances………………………………………..Full Article: Source


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