How has India's recent restrictions on gold imports affected the market for gold amongst Indians? What is the current price of gold over spot prices, given the ban?
-
References: http://www.bullionstreet.com/news/india-extends-ban-on-advances-to-all-forms-of-gold/4983 http://www.mining.com/latest-indian-gold-buying-ban-credit-card-instalments-32399/ http://in.reuters.com/article/2013/06/04/gold-price-india-rbi-restriction-idINDEE9530GS20130604 I am an American and gold investor. I am wondering what sort of premiums are paid over spot, given India's current formal restrictions on gold importation. Contemplating adding six or seven ounces of gold with my luggage on my next trip to India to offer for sale, and wanted to better understand the gold market as it stands in India.
-
Answer:
Given all kinds of ban on gold It is already seeing drop in the imports analyst predicts that it could go upto 24% http://articles.economictimes.indiatimes.com/2013-07-07/news/40421525_1_gold-imports-idle-gold-gold-deposit-scheme. Most of the people nowadays are using gold as an investment. which is the reason of high gold Imports. Only those would be affected by these bans. Gold prices are recovering as of now, given that the price of gold is very less in international market the Indian price is still quite high.
Mayank Sahu at Quora Visit the source
Related Q & A:
- What Is The Price Of Gold Now In Singapore?Best solution by Yahoo! Answers
- What's the best lcd tv out on the market?Best solution by Yahoo! Answers
- What is the current unemployment rate in India?Best solution by Yahoo! Answers
- What is the current career counseling market in India?Best solution by Quora
- What is the current price of petrol in Kenya. US$ or Kenyan Shillings is fine. Thank you?Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.