BENGALURU/MUMBAI Demand for physical bullion was subdued in major Asian hubs this week as high prices dampened consumer interest, although some hefty discounts on offer in India led to a slight uptick in buying ahead of a major festival season.
BENGALURU/MUMBAI, Sept 6 Demand for physical bullion was subdued in major Asian hubs this week as high prices dampened consumer interest, although some hefty discounts on offer in India led to a slight uptick in buying ahead of a major festival season.
KUALA LUMPUR/MUMBAI India's demand for Malaysian refined palm oil is likely to drop sharply in October following a tax hike, curtailing further exports from the Southeast Asian country and leading to higher inventories.
MUMBAI/NEW DELHI India has raised the tax on refined palm oil from Malaysia to 50% from 45% for six months to curb imports and boost local refining.
NEW DELHI/MUMBAI India's gold imports plunged 73% in August from a year ago to the lowest level in three years as a rally in local prices to a record high and a hike in import duty discouraged retail buying, a government source said on Wednesday.
* Sept imports seen down as prices rise further (Adds bank dealer's quotes, background)
MUMBAI, Sept 2 Indian custom officials have seized 1,197.7 kg of smuggled gold in the April-June quarter, an increase of 23.2% compared with the same period a year ago, a government official said on Monday.
MUMBAI Indian custom officials have seized 1,197.7 kg of smuggled gold in the April-June quarter, an increase of 23.2% compared with the same period a year ago, a government official said on Monday.
MUMBAI, Sept 2 Indian custom officials have seized 1,197.7 kg of smuggled gold in the April-June quarter, an increase of 23.2% compared with the same period a year ago, a government official said on Monday.
BENGALURU/MUMBAI Most consumers in top Asian hubs sold their physical gold holdings this week to cash in on high prices with many opting for cheaper silver, while the Indian bullion market hoped for an uptick in demand from an upcoming festival.
Russia and Ukraine swapped dozens of prisoners on Saturday in a carefully-negotiated rapprochement that brought Western praise and could thaw a freeze in relations since Moscow's annexation of the Crimea region in 2014.