No proposal to cut gold import duty

In value terms, gold and silver imports in April-December period declined 30.3 per cent to USD 27.3 billion from USD 39.2 billion during the same period a year earlier. In the first half (April-September) of current fiscal, CAD narrowed to USD 26.9 billion (3.1 per cent), from USD 37.9 billion (4.5 per cent) in the first half of 2012-13.