Indian gold imports set to resume after 4-week halt as export rule clarified

A resumption of imports would ease tight domestic supply and prices ahead of a festival and wedding season that kicks off next month. Indian imports would also support benchmark international gold prices, which hit a two-month high on Monday. Indian traders stopped imports on July 22 due to confusion over a rule issued by the Reserve Bank of India that was aimed at stemming the flow of gold into the country, not stopping it completely.

Read More: www.reuters.com/article/2013/08/19/india-gold-imports-idUSL4N0GH1G820130819