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Indian Gold futures advance after Modi govt keeps import duty unchanged
Jul 11, 2014 08:49Indian gold futures price advanced on Thursday after the Modi government kept gold import duty unchanged at a record 10% in the budget.
INDIA July 10 2014 3:04 PM
MUMBAI (Scrap Register): Indian gold futures price advanced on Thursday after the Modi government kept gold import duty unchanged at a record 10% in the budget.
The most active August gold contract on the India's Multi Commodity Exchange advanced as much as Rs. 28,225, up 2.2%. The contract traded at Rs. 28,040 at 1:21 IST.
India, desperate to trim a gaping current account deficit, took a slew of measures last year to curb demand for bullion, its second-biggest import item after oil.
India gold prices
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