Showing posts with label gold imports. Show all posts
Showing posts with label gold imports. Show all posts

Sunday, January 12, 2014

Gold Silver Improves

Looking upward trend in foreign buying on Friday turned out to be sporadic in both precious metals . The day at the local bullion market gold reformed by Rs 105 to Rs 320 per ten grams to 31 thousand . The yellow metal had slid to Rs 410 in the past two days . Similarly, silver rose by Rs 100 to Rs 900 per kg and closed at 44 thousand . During the past two seasons had declined to Rs 990 in the metal .
In Singapore , gold bullion market rose to $ 1249.90 per ounce . The impact was also felt on the domestic market . Gold jewelry

in the local market prices improved by Rs 105 to Rs 120 per ten grams to 31 thousand . Rs 25 thousand 200 guineas at the previous level of eight grams stayed the same . Silver weekly-based delivery by Rs 30 to Rs 80 per kg bid with modest gains were 44 thousand . Silver coins per cent from 84,000 to 85,000 remain level during the day .

Gold Silver Shines

Weddings abroad amid strong buying gold and silver for the second consecutive day continues . Bdkkr local bullion market on Saturday in the yellow metal by Rs 205 per ten grams to close at Rs 525 was 31 thousand . Past day was also improved to Rs 105 . Similarly, silver gained Rs 175 to Rs 75 per kg 45 thousand . It had gained Rs 100 on Friday .
Local market price of gold jewelry worth Rs 205 to Rs 325 per ten grams shines to 31 thousand . Rs 25 thousand 200 guineas at the previous level of eight grams stayed the same . Silver weekly-based delivery by Rs 195 to Rs 275 per kg to 44 thousand spoken advantages . Silver coins shot up to Rs 1,000 per cent to close at Rs 85,000 to 86,000 .

Gold silver Down

Seeing a decline in foreign stockists selling the gold at current levels . This resulted in local bullion market on Monday, the yellow metal tumbled by Rs 510 to Rs 15 per ten grams was 31 thousand . During the past two seasons, it had gained Rs 310 . The drop in demand from jewelers and silver coin manufacturers slipped to Rs 275 . The day closed at 44 thousand Rs 800 per kg . The white metal had climbed to Rs 275 in the last two seasons . Similarly, silver coin of Rs 2,000 to Rs 83,000 to 84,000 per cent arrived at the dive .
Singapore 1245.87 dollars per ounce of gold in the international market . Silver fell to $ 19.79 per ounce declined . The impact was also felt in the domestic market , where the customer and are cautious in buying from fear of fall . Quote of the day gold jewelery in the local market declined by Rs 510 to Rs 815 per ten grams to 30 thousand . Sovereigns of eight grams stayed the same at their former level of 25 thousand 200 rupees . Silver weekly-based delivery by Rs 390 to Rs 885 per kg for the loss of 43 thousand spoken .

Saturday, January 11, 2014

Gold Hungry Traders Giving Free Air Tickets

The government is constantly trying to reduce the consumption of gold . However , the merchant finds some solution . This time gold trader legal avenues are brought into the country . Traders on the move of the government playing a game .
On the subject of argument , the government says the scheme has had an adverse impact on the domestic jewelry industry . The same rule while his arms traders and people living overseas gold imported by free air ticket is started .
Gold - Silver and slip
This hunger for gold traders are bullish . Dubai this month Calicut ( Kerala ) NRIs in the hands of a plane was 80 kg gold . Ie in a plane with 80 passengers were sleeping . Marriage season demand for gold has become a good way .

Director of All India Gems and Jewelers

Trade Federation said Bchcharaj Bmalva usually 20 to 30 per cent of NRI travel agent to book tickets . These agents work mainly businessmen . He said , " If they pay NRI fees not do anything illegal . These people are usually workers in Tamil Nadu or Kerala , which is given free tickets . "

If we look at the figures from the year 2009 in gold import growth is constant . Let me tell you of 2009-10 increased to 850 985 kg 969 736 kg of gold were imported in the year 2010 was reached . If you take a look at just gold imports this year to February in the year 2011-12, 986 126 kg of gold from abroad into India are in place.
Government officials estimated that by the middle of November compared to the previous month 's import several tons of gold . Industry officials said the NRI per pound premium to pay import duty on gold from 125,000 to Rs 150,000 ( 2,000 to 2,400 dollars) to save it. Due to the ban on imports has also encouraged smuggling .

Gold Smuggling By Air India Staff

The Directorate General of Revenue Intelligence ( DRI ) aviation company Air India, the government has directed that the staff keep an eye on it to prevent the smuggling of gold . As well as the necessary steps to be taken against it . Some employees of Air India DRI to know that the puzzle has been carried out .
According to sources,  Director General of the DRIa letter from Air India ground staff said that there should be a special eye . In the letter mentioned the events of the past few DRI.

An official of the Directorate General of airline employees in cases of gold smuggling have grown . Therefore, the management of the company has been asked to apply the appropriate method to resolve the issue . Last month, Calicut International Airport, DRIof the Air India air hostess and her friend were arrested . The six kg of gold were to be smuggled . Earlier in October, the aircraft in flight from Dubai to Chennai for Rs 15 crore, 32 kg of gold was found in the toilet was . Four people were arrested in the case . Three employees of a public company in October were caught smuggling in the case of .

DRI officials in the Foreign Intelligence Custom Network ( Coin ) members have been asked to increase the co-operation of the governments of the South East . The agency is fear that Malaysia , the Philippines , Cambodia , Singapore , Indonesia and India are being brought thailainda gold . Coin of the members have been asked to focus on the things that come from these countries should be closely monitored . In August, the Ministry of Finance increased from two to 10 per cent customs duty on gold was . Since then, gold smuggling has increased in .