Articles Tagged "india"

India Surprises with Removal of Key Gold Import Restriction

Gold – India surprised the gold market on Friday when it removed a fairly stringent restriction on gold imports, bringing a bright spot to an otherwise dreary gold market. The Reserve Bank of India issued a statement announcing the change on Friday afternoon, but did not give a reason for scrapping the import rule. Analysts have cautioned that the news may not give gold prices the boost investors are hoping for.