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Government has not banned banks from selling gold coins: Finance Ministry

has not banned banks from selling gold coins, Parliament has been informed."The government has not banned banks from selling gold coins. However, RBI has prohibited import of gold in form of coins and medallions," Minister of State for FinanceSeeking to reduce the import of gold, the Reserve Bank on August 14 had prohibited inward shipment of gold coins, medallions and dores without licence.The measure...
Source : The Economic Times |
Category : Business

Chidambaram rules out lifting ban on import of gold coins

ruled out the possibility of lifting a ban on import of gold coins and medallions and asked banks to strictly follow guidelines restricting inward shipments of the metal."Import of gold coins and gold medallions is prohibited. Nobody can import gold coins and medallions," he said, referring to a suggestion that theHe said traders can buy gold from the domestic market and make coins, but the government...
Source : Oneindia |
Category : National

Ban on import of gold coins and medallions to stay: P Chidambaram

waNobody can import gold coins and medallions," he said, adding that banks have been told to strictly follow guidelines on gold imports.after he received suggestions that government should allow import of coins for 'shagun' (auspicious gift) purposes."Import of gold coins and gold medallions is prohibited. Nobody can import gold coins and medallions," he said, adding that banks have been told to strictly...
Source : The Economic Times |
Category : Business

US pair found '$10m buried treasure'

coins were in uncirculated, mint condition, adding to their worth to collectorsA California couple found a stash of gold coins buried on their property last year valued at as much as $10m (£6m), rare coin dealers have said.The 1,427 coins, which date from 1847-1894, were never circulated and are in mint condition, numismatist David Hall told the Associated Press.The unnamed couple found them buried...
Source : BBC |
Category : Business

UK Royal Mint Has Run Out Of 2014 Sovereign Gold Coin, Promises More To Come

days after the debut of a 2014 Sovereign gold coin, the U.K. Royal Mint reportedly announced that buyers have depleted their stock of the coins. The Royal Mint also said they expect to stock the coin again by the end of the month.“Since the dip in the price of gold we have seen increased demand for our gold bullion coins from the major coin markets, and this presently shows no sign of abating,” the...
Category : Business

Department of Posts floats tender for sale of domestic gold coins

time.The tender from DoP comes at a time when government has been discouraging sale of imported gold coins and medallions.has floated a tender for sale of gold coins category through about 1,000 post offices."Tenders are invited on behalf of the President of India from the manufacturer/suppliers of gold coins for supplying gold coins of various denominations to the Department of Posts for selling them...
Source : The Economic Times |
Category : Business

Chidambaram rules out lifting ban on import of gold coins

Finance Minister P Chidambaram today ruled out the possibility of lifting a ban on import of gold coins and medallions and asked banks to strictly follow guidelines restricting inward shipments of the metal."Import of gold coins and gold medallions is prohibited. Nobody can import gold coins and medallions," he said, referring to a suggestion that the government should allow import of coins for 'shagun'...
Source : Ndtv |
Category : Others | City : New Delhi

Chidambaram rules out lifting ban on import of gold coins

Finance Minister P Chidambaram today ruled out the possibility of lifting a ban on import of gold coins and medallions and asked banks to strictly follow guidelines restricting inward shipments of the metal."Import of gold coins and gold medallions is prohibited. Nobody can import gold coins and medallions," he said, referring to a suggestion that the government should allow import of coins for 'shagun'...
Source : DNA |
Category : Others | City : Mumbai

Chidambaram rules out lifting ban on import of gold coins

inance Minister P Chidambaram on Tuesday ruled out the possibility of lifting a ban on import of gold coins and medallions and asked banks to strictly follow guidelines restricting inward shipments of the metal."Import of gold coins and gold medallions is prohibited. Nobody can import gold coins and medallions," he said, referring to a suggestion that the government should allow import of coins for...
Source : Rediff |
Category : Business

Family Finds $300,000 Treasure

Gold coins...
Source : Fox News |
Category : Headlines