Jeweller and importers were awaiting the correction to stock the yellow metal for upcoming marriage season.
The company has flouted green norms at its plant in Tamil Nadu, a judge said.
Smelter produces more than 300,000 tonnes a year to supply half of India's domestic copper needs.
Central bank says it may bring more curbs.
If CAD remains high for 3-4 quarters, central bank may intervene.
Traders had accumulated stocks when the FM hinted of a duty hike.
Chidambaram said he expected gold imports to touch $40 billion in the current fiscal year to end-March, down 31 percent from the year-ago bill of $58 billion.
The wedding season will continue till early January and gold is an important gift item at marriages.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances