India restricts gold imports under advance authorisation at 100kgs, according to a government order
India's decision to restrict gold imports under advance authorisation to 100kgs signals a tightening of trade regulations, potentially aimed at curbing outflows and stabilizing the currency.
US Business Inventories MoM (Mar) M/M 0.9% vs. Exp. 0.3% (Prev. 0.4%)
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India restricts gold imports under advance authorisation at 100kgs, according to a government order
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This move may influence global gold prices by reducing supply from a significant importer and could also affect the broader commodities market, prompting traders to reassess their positions in gold and related assets.
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