India's gold imports jump to about 150 tonnes in October

Finance Ministry and RBI are planning to tighten limits on gold imports

Mumbai: India's gold imports jumped to about 150 tonnes in October from 143 tonnes in September, stated a Finance Ministry official. The ministry and the Reserve Bank of India (RBI) are also discussing tightening limits on gold imports by trading houses, two other sources with direct knowledge of the matter said.

All three sources declined to be identified due to the sensitivity of the issue.

Local media reported on Wednesday that officials from Finance Ministry and RBI would meet on Thursday to review curbs on imports following a surge in recent months.

( Source : reuters )
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