Gold import likely to be less than 500 tonne in FY14: GJF

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Gold imports are likely to be less than 500 tonne in the current financial year if the government does not relax the import restrictions, an industry body said. (AP) Gold imports are likely to be less than 500 tonne in the current financial year if the government does not relax the import restrictions, an industry body said. (AP)
SummaryGold imports are likely to be less than 500 tonne in the current financial year if the government does not relax the import restrictions, an industry body said.

East countries," Soni said.

In FY13, about 15-20 per cent of business flow was from Non Resident Indians, he said.

Soni further said the GJF is trying to talk to the government to for immediate measures in order to save the sector, and if it doesn't do anything the industry will resort to a nation-wide agitation.

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