The govt has taken a complete u turn and when traders expected that there would be more curbs on gold imports ,complete opposite has happened.The govt through the RBI has completely scrapped the 80:20 gold imports scheme and accordingly the premiums charged will reduce and result in fall in gold price. This scheme was promoting monopolistic trade practices. Kudos to the government and RBI and wait and watch what the government has for the precious metal in the days to come.
For furthur reference visit
http://m.rediff.com/business/report/govt-eases-curbs-on-gold-imports-scraps-8020-scheme/20141128.htm
For furthur reference visit
http://m.rediff.com/business/report/govt-eases-curbs-on-gold-imports-scraps-8020-scheme/20141128.htm
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