The good news: Gold prices fall anymore

Reserve Bank of India on Wednesday allowed several trading houses to import gold , so they can sell in the domestic market . In July , the Reserve Bank had imposed many restrictions on the import of gold , so that the budget deficit can be kept current . An English newspaper has said . The shortage of gold bullion market , while very much in demand . It has increased its prices . Now this is beginning to be affected by the decision . Mumbai on Wednesday evening, gold prices fell by Rs 500 per ten grams . Rs 28,800 to Rs 28,300 per ten grams of gold per ten gram came down . Precious metal bullion traders say that this is the first impact on the business of the Modi government . India Bullion and Jewellers Association president Mohit kamboj oath before the NDA has given gifts to jewelers across the country . He thanked the prime minister Narendra Modi nominated . A stronger rupee is cheaper than gold and foreign exchange reserves Moreover we have also increased significantly . It has now grown to $ 313 billion . Under the new arrangements a nominated bank or agency is now importing 100 kg of gold will be released on 20 kg gold exporters . The remaining 80 kg jewelers , dealers etc. can be sold or loaned .