Gold imports shrink 32% to $ 17.7 bn in Apr-Dec 2016 and other top economy news of the day1/23/2017 Check out the most important news stories which captured the headlines at the economy level in India and internationally. Gold is at two months' high Amid uncertainty of forthcoming economic policies from new US President, Donald Trump, and as the dollar dropped against most of the major currencies, demand of Gold has soared up in the market. Gold price has soared on Monday to the highest in two months. Amid uncertainty of forthcoming economic policies from new the US President, Donald Trump, and as the dollar dropped against most of the major currencies, demand of Gold has soared up in the market. Gold price has soared on Monday to the highest in two months. As at 10:43 a.m IST on Monday, January 23, 2017, Gold Price per Ounce rose about $ 10.90 to $ 1218.60. It earlier made a high of $ 1219.43 which was highest till November 22, 2016. OCBC analyst, Barnabas Gan said that with the lack of clear policy direction from the new US President, Donald Trump, the market movement is a sign that risk aversion is back on the table. Philadelphia's Federal Reserve President, Patrick Harker said on Friday that he expects three interest rate increases in 2017 if the labour market improves further and inflation moves to the Federal Reserve's 2% goal. Precious metals like silver also rose about 0.8 % to $ 17.20; whereas, platinum rose about 0.2% to $ 982.70. Foreign exchange reserves rose by $ 688 mn to $ 359.8 bn in the week to January 13 helped by increase in the foreign currency assets. (BS) Gold imports witnessed a fall of about 32% to $ 17.7 bn in April-December of the current fiscal, which is expected to keep a lid on the current account deficit. (ET) SEBI plans to further tighten the regulations governing participatory notes amid persisting concerns that this route is being used for illicit fund flows. (BS) Claiming that demonetisation has affected country's growth, a major central revenue body has asked Finance Minister not to implement Goods and Services Tax (GST) in a hurry and threatened to take legal recourse in case their concerns are not addressed. (BS) If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , Bullion Market Tips , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Bullion Energy Tips , Commodity market tips , Give Miss call ☎ @ Toll Free Number 📲 18003157801
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