High customs duty, taxes paving way for gold smuggling, Hareesh, Geofin Comtrade Ltd
Sreenivasa Rao Dasari The first 8 months in 2016 witnessed an upward journey for the yellow metal as prices surged 29% from $1,060.20 an ounce on January 1, 2016, to $1,366.33 on July 8. Last four months of 2016 recorded a decline in gold price. Indicating a 10-month low against the US dollar, the precious metal is trading at $1,160.18 as on December 30, 2016. Gold price this year so far indicated a 9.33% rise from $1,061.10 on December 31, 2015, and almost 40% lower from the record high of $1,920.30 on September 6, 2011. Gold imports fell 30.5% to $15.74 billion during April-November. Multiple factors including increased investments in gold ETFs and other financial instruments are influencing gold prices. The positive outlook ...
Trading with Grace
We all have heard and read exporters' success stories. At times, we do stumble upon a trader's story too. But Vaishali Sarwankar's case is exceptional. She is not just an ordinary trader, but one of the few Indian women who are into commodity trading in the international market! Vanita Peter D'souza | March 2016 Issue | The Dollar Business Vaishali Sarwankar, Head – International Trade & Director, Atlantic Industrial & Trading Pte Ltd. One moment, she appears to be the girl next door, and the very next, she is the Director of a company with an annual turnover of $500 million. One could simply introduce Vaishali Sarwankar as a lady who has not just carved herself niche in the male-dominated commodity trading business, ...