Reuters sources are claiming that India may make changes to gold import rules to Star trading houses.
Currently houses have to export 100% of what they import. They may also announce changes to how imports are paid for which have to be paid in full by cash margins.
A couple of weeks ago India scrapped the 80/20 import rule
Gold is up around $14 today, partly on the dollar’s demise but this news will be helping it too
Gold daily chart 09 12 2014
