Articles Tagged "india"

Gold Smuggling in India on the Rise

Gold – Mining.com reported that import restrictions and higher tariffs have led to an increased amount black market gold being smuggled into India. The number of gold seizures rose to 3,412 cases in the first 10 months of fiscal 2015 for a value of approximately $150 million, compared to 2,450 cases during 2014, according to Kitco.

Gold Price Up Following Fed Meeting After Hitting Four-month Low

Gold – Gold bugs hoping for good news from the precious metals space will have been disappointed again, as there was no brighter gold price at the end of the rainbow this St. Patrick's day. Prices dropped to a four-month low, hitting about $1,143.40 per ounce during Tuesday trading hours before settling around $1,149.10, down about half a percent from the previous day's close.