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India to review gold policy after surge in imports

Section: Daily Dispatches

By Manoj Kumar and Suvashree Choudhury
Reuters
Thursday, November 13, 2014

India is considering curbs on gold imports by private trading firms after foreign purchases surged in the past two months, two sources with direct knowledge of the matter said.

October shipments into India, the world's No.2 gold consumer after China, jumped to about 150 tonnes, compared with under 25 tonnes a year earlier and 143 tonnes in September, a third source, a top finance ministry official, said on Thursday.

All three sources declined to be identified due to the sensitivity of the issue. ...

... For the remainder of the report:

http://www.reuters.com/article/2014/11/13/india-gold-imports-idUSL3N0T33...



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