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Latest Articles in bullion traders

India Gold Demand Picks Up As Jewellers Resume Buying Post-budget

Demand for gold in India rose this week as many jewellers resumed purchases after having stayed away for a few weeks hoping for an import duty cut in the government budget

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India 2017 Gold Demand Seen Muted As Govt Clamps Down On 'Black Money': WGC

Gold demand in India will be muted this year after dropping to multi-year lows in 2016, with trading dented as the government pushes to make markets for the metal more transparent and brings in a new tax, the World Gold Council said on Friday

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Gold Demand Eases On Higher Prices; Premiums Mostly Unchanged

Physical gold sales eased in Asia this week as steadily higher prices kept buyers on the sidelines and premiums remained mostly unchanged across the continent

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Price Slump Fails To Revive Gold Demand In India; China Premiums Shrink

Gold demand in India remained subdued this week despite a sharp fall in prices to over 10-1/2 month lows as a severe cash crunch and holidays kept buyers away from the market, while premiums in China fell from near 3-year highs touched in the prior week

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Axis Bank Suspends Bullion Dealers Accounts

Axis Bank has suspended the bank accounts of some bullion dealers and jewellers after two of its executives at a branch were arrested over alleged money laundering

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Jewellers Shut Shops For 11th Day After Income Tax Department Survey

Gold and jewellery establishments in the national capital remained shut for the 11th day on Monday after Income Tax Department on November 10 carried out surveys following reports of alleged profiteering and tax evasion by traders as government demonetised high value currency notes

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Illicit Gold: India's Smugglers Shut Out Refiners, Banks

Indian gold refiners just months ago were ramping up capacity and struggling to secure enough ore from miners. Now, they are suspending operations as a surge in smuggled bullion wipes out wafer thin margins

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Jewellery Sales May Fall 40-50 Tonnes In January-March On Strike: ICRA

Jewellery sales is likely to fall by 40-50 tonnes in the January-March period due to the ongoing strike against proposed 1 per cent excise duty on non-silver jewellery, according to ICRA

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Bullion Traders Slam Duty Move, Gold Markets Shut For 3 Days

Bullion traders and jewellers in the national capital on Wednesday joined the ongoing stir and downed shutters for three days to protest against the Budget proposal to impose 1 per cent excise duty on jewellery.

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