India gold,silver to climb on import duty hike
Indian government on Tuesday doubled customs duty of gold to 2% from previous 1% and Silver to 6% from previous 3% which might create more hardships for physical traders, manufacturers, retailers.
Will Indian appetite for Gold ever end?
India consumes around 746 tonne gold every year according to World Gold Council and this is only going to grow. Many gold related corporations depends on India for their survival.
Nepal gold imports drop sharply
The centralbank had completed auctions for more than 400 kg of gold at a price some Nepali Rs 1,000 higher than the international rate.