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India gold bar imports plummet but diamonds rock

Frik Els | May 04, 2014 | 6:05 pm Precious Metals Asia Diamond Gold 

India's finance ministry, fighting a crippling current account deficit and a weakening currency pushed up gold import duties tenfold – from 1% at the start of 2012 to 10% today. Other measures including excise duties at 9% and new rules...

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