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Pending Change in Gold Imports Rules
Posted on: 10/Dec/2014 5:59:13 PM
India is going make changes in its prevailing gold imports rules to star trading houses soon this week. This is news from an unknown source who is a policy maker.
Presently, the star trading houses in India are able to export all their gold imports as such. In addition, full cash margins must be paid to imports as per the rule announced last year. This is also expected to get a change.
Traders are waiting for a clear situation regarding the 80:20 gold import rule. It seems, though the star trading houses are going to get affected with the pending change in the rule, there is indication of their having a ‘free hand’.
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