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Private bullion importing bank - PowerPoint PPT Presentation

Gold edges lower; traders seek more falls

* India has been trying to curb imports to put a lid on the record-high current account deficit. The federal government raised the import duty on gold, which it called a dead investment, by 50 percent to 6 percent in January. * Finance Minister P. Chidambaram suggested last week the government was unlikely to raise the import tax on gold further to avoid gold smuggling.

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Gold edges lower; traders seek more falls

more declines as they gear up to build stocks for the upcoming wedding season. * The actively traded gold for June delivery on the Multi Commodity Exchange (MCX) was Rs 151 lower at Rs 29,615 per 10 grams at 3:11 p.m.

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Private bullion importing bank - PowerPoint PPT Presentation

Gold edges lower; traders seek more falls

Gold edges lower; traders seek more falls