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Indian gold sales plunge as premiums reach $70 an oz

Frik Els | November 08, 2013 | 7:29 pm Precious Metals Asia Gold 

Over the past year and a half P. Chidambaram, India's finance minister, has been fighting his country's insatiable appetite for gold. Gold import duties have risen tenfold – from 1% at the start of 2012 to 10% today. Excise duties...

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