Gold, News & Features, Resource News
?By Shivom Seth
Bullion traders across the country are one step ahead of the Indian government. Even as the government was pondering a proposal to hike customs duty on the import of gold this month, gold imports soared by 15% to 75 tonnes in January.
Though the government did go ahead and ultimately raise duties by 50% from 4% to 6% on January 21, bullion traders cornered most of the precious metal in the first three weeks of the month in anticipation of the hike in customs duty.
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Source: http://feedproxy.google.com/~r/Resourceintelligence/~3/HEo-uJFXFOI/
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