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Commodities Briefing - Categorized | Bullion/Gold, Trading more

India’s central bank allows private agencies to import gold

Posted on 22 May 2014

India’s central bank eased tough gold import rules on Wednesday by allowing seven more private agencies to ship the precious metal, a move that industry officials say could augment supplies and reduce premiums in the peak wedding season.
Gold imports by India, the world’s No. 2 bullion consumer after China, could quickly rise from current levels, according to the officials. This would help global prices, which slumped 28 percent last year, partly due to India’s import curbs………………………………………Full Article: Source


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