25.06.2015 - Indian gold industry hoping for government to limit cheap imports, boost prices
The gold industry in India is hoping the government will restrict cheap imports from Southeast Asian countries that have soared recently under free trade agreements, and help struggling dealers and jewellers suffering from low prices, sources said. India's finance ministry and foreign trade departments are currently in discussions over renegotiations of its free trade agreements with Thailand and ASEAN countries, which currently benefit from import duties as low as 1%, according to sources. "There are mixed reactions but most people are said to be on side for license/control for import of dore bars and jewellery," said a dealer in Ahmedabad and a member of the city's gold council...............................................Full Article: Source
Print