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.