India Gold - Customer Zone - Reuters
India Gold - Customer Zone - Reuters
India Gold - Customer Zone - Reuters
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SINGAPORE GOLD COMMODITIES GOLD GOLD: REBOUNDS HITS WILL RECORD RISK INTERNATIONAL SHIVER BATTERED AVERSION ON HIGH JAPAN AFTER BY ABOVE BANISH DEBT SHARPEST ENERGY U.S. $1,622/OZ CREDIT DOWNGRADE CORRECTION WEEK—SPECIAL LOSS DOWNGRADE SINCE DESPITE FEARS? MAY PDF CORRECTION FEARS NOVEMBER AUGUST JULY 2010 2011<br />
2011<br />
Auspicious days for gold purchases in <strong>India</strong> in 2011<br />
MUMBAI, Aug 18 (<strong>Reuters</strong>) -<br />
T<br />
he following are some of the days considered auspicious, according to the Hindu calendar, for gold purchases in <strong>India</strong>:<br />
The biggest gold buying festivals are Akshaya Tritiya, which falls in the second quarter of the year, and Dhanteras.<br />
An inauspicious phase -- Shradh, a period for paying homage to ancestors -- is from Sept. 13 to Sept. 27.<br />
The Hindu calendar has regional variations, but the above dates are broadly followed across the country in the gold<br />
trade for planning inventories.<br />
Date Festival name Reason<br />
Sept.22 Gurupushyamrit Launching new ventures<br />
Oct. 6 Dussera Harvest-related<br />
Oct. 20 Gurupushyamrit Launching new ventures<br />
Oct. 24 Dhanteras Celebrating wealth<br />
Oct. 26 Deepavali Victory of good over evil<br />
Oct. 27 Balipratipada Final day of Deepavali<br />
Nov. 17 Gurupushyamrit Launching new ventures<br />
Silver trading in China and <strong>India</strong><br />
July 14 (<strong>Reuters</strong>) -<br />
R obust<br />
demand from China and <strong>India</strong> helped ignite a record-setting rally in spot silver this year. Here are facts on duties<br />
and quotas on silver trade in the two countries, as well as silver's use in various industries.<br />
TRADE AND DUTIES IN CHINA AND INDIA<br />
China has been a net importer of silver, including silver plated with gold or platinum, unwrought or in semimanufactured<br />
or in powder form, since 2007.<br />
In the first five months of 2011, China imported 1,659 tonnes of silver, down 24 percent on the year. Silver exports dropped 21<br />
percent to 505 tonnes, official customs data showed.<br />
China does not impose an import duty on silver, except a 10.5 percent duty on base metals clad with silver. But a 17 percent<br />
value-added tax is levied on silver imports, in comparison to an exemption of VAT on gold imports.<br />
A goldsmith works on a gold bangle at a workshop in Kolkata August 1, 2011. REUTERS/Rupak De Chowdhuri<br />
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