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Indian gold imports set to resume after 4-week halt as export rule is clarified
By Siddesh Mayenkar and A. Ananthalakshmi
Reuters
Monday, August 19, 2013
MUMBAI -- Indian traders said they will start importing gold again over the next week or so after the central bank clarified a new rule that brought the flow of the precious metal into the world's top gold consumer to a standstill at the end of July. A resumption of imports would ease tight domestic supply and prices ahead of a festival and wedding season that kicks off next month. Indian imports would also support benchmark international gold prices, which hit a two-month high on Monday.
For the complete story:
http://www.reuters.com/article/2013/08/19/india-gold-imports-idUSL4N0GH1...
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