[Tree] Gold demand in India amid global economic uncertainty

Version 0.11 (2024-09-11 20:51:46.346000)

updates: Surge in gold demand linked to US elections and Fed rates

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Version 0.1 (2024-08-01 12:07:24.731000)

updates: India's import duty on gold reduced; Increase in gold demand in India; Import restrictions on studded gold jewellery; Revised duty drawback rates on gold and silver; Tariff concessions on gold in India's FTA negotiations with Peru; Proposal for zero customs duty rate on jewelry exports from Uzbekistan

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Version 0.09 (2024-06-20 06:57:01.286000)

updates: Import restrictions on studded gold jewellery

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Version 0.08 (2024-06-19 16:56:05.526000)

updates: Uzbekistan proposes zero customs duty for jewelry exports to the US under GSP

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Version 0.07 (2024-02-11 18:52:30.472000)

updates: The duty drawback rates on gold and silver have been revised and increased. The next round of negotiations between India and Peru is scheduled for Feb. 12.

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Version 0.06 (2024-02-11 12:55:35.537000)

updates: The next round of talks between India and Peru is expected to start this week in Lima. The Economic think tank Global Trade Research Initiative (GTRI) stated that even minor tariff concessions could lead to a significant increase in gold imports. India's global imports of unwrought gold in 2023 are estimated at $43 billion, with Switzerland accounting for 40% of these imports. Peru, the fifth-largest supplier of gold to India, could see a surge in gold imports if concessions are made. The talks were paused due to the coronavirus pandemic.

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Version 0.05 (2024-02-11 10:51:46.845000)

updates: The duty drawback rates on gold and silver have been revised and increased. The tariff concessions on gold in the India-Peru FTA negotiations have become a sticking point. An economic think tank highlights the challenge of duty concessions on gold in the proposed FTA. The bilateral trade between India and Peru during 2022-23 stood at $3.12 billion.

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Version 0.04 (2024-02-10 09:12:53.882000)

updates: Integration of information about India-Peru FTA talks and gold tariff concessions

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Version 0.03 (2023-10-21 02:45:06.612000)

updates: The new narrative highlights the benefits to exporters and the impact on the gem and jewellery industry

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Version 0.02 (2023-10-20 10:29:37.419000)

updates: Updated information on gold prices per tola

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Version 0.01 (2023-10-13 14:39:21.086000)

updates: Restructured the story to focus on rising gold prices and its impact on festival demand for jewellery

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Version 0.0 (2023-10-13 06:28:09.954000)

updates:

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