Among the proposals in India's budget is a doubling of the import duty on gold to 4%, a move...


Among the proposals in India's budget is a doubling of the import duty on gold to 4%, a move that could cause a significant drop from the record 969 tons of the metal brought into the country in 2011. The finmin blames the importation of gold for being one of the key drivers of the country's current account deficit. GLD -0.6% premarket.

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Comments (1)
  • Ray Lopez
    , contributor
    Comments (1821) | Send Message
     
    Another misguided attempt by governments to rob their citizens.
    17 Mar 2012, 12:28 PM Reply Like
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