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View Full Version : India Raises Gold-Import Tax for Second Time; Prices Drop - Bloomberg



NewsWhore
03-16-2012, 08:00 AM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGUf6an0fsG6vlRHGwPzg0TK1MXZg&url=http://www.bloomberg.com/news/2012-03-16/india-raises-gold-import-tax-for-second-time-prices-drop-1-.html)


India Raises Gold-Import Tax for Second Time; Prices Drop (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGUf6an0fsG6vlRHGwPzg0TK1MXZg&url=http://www.bloomberg.com/news/2012-03-16/india-raises-gold-import-tax-for-second-time-prices-drop-1-.html)
Bloomberg
Futures in India gained 32 percent last year, exceeding the 10 percent advance in global prices, as the currency slumped to a record low. “The increase in duty will only make gold expensive for the consumers,” said Rajesh Mehta, chairman of Rajesh ...

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