June gold imports decline 80.6 pct to 31.5 tonnes - source - Reuters India

Tweet Link this Share this NEW DELHI (Reuters) - Gold imports into India, the world's biggest buyer of the metal, fell 80.56 percent to 31.5 tonnes in June from the previous month, a government source familiar with the data said on Monday, lower than the trade body's... Email Print Glimpses of the 14th annual International Indian Film Academy (IIFA) awards show in Macau.  Slideshow  San Francisco plane crash Editor's Choice Saint John Paul Egypt reacts to Mursi's downfall Tour de France highlights » Click here for more slideshows Gold biscuits are seen in this picture illustration taken inside a jewellery showroom in Mumbai June 4, 2013. Credit: Reuters/Danish Siddiqui/Files NEW DELHI | Mon Jul 8, 2013 1:09pm IST NEW DELHI (Reuters) - Gold imports into India, the world's biggest buyer of the metal, fell 80.56 percent to 31.5 tonnes in June from the previous month, a government source familiar with the data said on Monday, lower than the trade body's estimate. However, the source said gold imports are expected to increase in coming months due to a fall in prices. All India Gems and Jewellery Trade Federation had estimated gold imports for June to be at 37-40 tonnes. TIMELINE - India's love for gold and the government's efforts to curb it reut.rs/123K8tQ India sharpened measures to curb imports of the yellow metal by hiking the import duty and restricting consignment imports, after shipments jumped to more than 300 tonnes in April and May. India's current account deficit hit a record high 4.8 percent of gross domestic product in the fiscal year that ended in March, fuelled by rising imports of oil and gold. (Reporting by Manoj Kumar; writing by Siddesh Mayenkar Editing by Rafael Nam) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEcsEy5W8BV6U_BTlpVlRZDTzmmZg&url=http://in.reuters.com/article/2013/07/08/india-gold-imports-idINDEE96706520130708

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