Time to ease gold curbs

Given India’s gold imports in the first 8 months of FY14 have only been around $24.4 billion versus $53.7 billion in FY13, and gold prices have crashed by around a fourth in the last one year—from $1,664 per troy ounce to $1,213 today—perhaps it is time for the government to start thinking of easing gold curbs.

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