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30
November 2018
 |
Gold
(The Total Investment & Insurance Solutions)
The government Friday put the imports of gold
dore in restricted category.
"Import policy of gold dore is
restricted," the directorate general of foreign trade (DGFT) said in a
notification.
This means, now, an importer needs a license
to import this commodity. The Total
Investment & Insurance Solutions
Gold dore is a semi-pure alloy which is
refined for further purification. Refined gold bars are manufactured from gold
dore bar.
India,
the world's second-biggest gold consumer after China, imports about 900 tonnes
of gold a year.
In value terms, gold imports fell by about 43
per cent to USD 1.68 billion in October.
The imports mainly take care of demand of the
jewellery industry.
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