Friday, 23 May 2014

QUOTES OF THE DAY

“We expect a reduction of the customs duty to 4-5% from the current 10% in the forthcoming budget. I can see that gold prices are likely to be at Rs 24,000 by Diwali.”

Mohit Kamboj, President, India Bullion & Jewellers Association (IBJA)

“RBI’s decisions will increase gold supply and ease some of the cost pressures jewellers are facing.”

Somasundaram P R, Managing Director, World Gold Council, India

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