{"id":13907,"date":"2012-08-26T03:16:42","date_gmt":"2012-08-26T01:16:42","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/indias-stc-sees-gold-imports-20-pct-down-in-fy13\/"},"modified":"2012-08-26T03:16:42","modified_gmt":"2012-08-26T01:16:42","slug":"indias-stc-sees-gold-imports-20-pct-down-in-fy13","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/indias-stc-sees-gold-imports-20-pct-down-in-fy13\/","title":{"rendered":"India&#8217;s STC sees gold imports 20 pct down in FY13"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">HYDERABAD, India<\/span> Aug 25 (Reuters) &#8211; The State Trading<br \/>\nCorporation&#8217;s (STC) gold imports are likely to decline by 20<br \/>\npercent to 80 tonnes in the 12 months to March 2013 as higher<br \/>\nprices curb demand, the head of the operation run by the Indian<br \/>\ngovernment said on Saturday.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>High inflation has hit consumers&#8217; disposable income and a 4<br \/>\npercent import duty has increased gold prices, triggering a<br \/>\nsharp decline in gold imports into India, the world&#8217;s biggest<br \/>\nbuyer of bullion.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There is overall slowing down and people are very conscious<br \/>\nof prices,&#8221; said N.K. Mathur, chairman and managing director of<br \/>\nSTC, which gets 70 percent of its business from gold.<\/p>\n<p><span><\/span><\/p>\n<p>Gold prices on the Multi Commodity Exchange struck a<br \/>\ncontract high of 30,899 rupees per 10 grams this week backed by<br \/>\nstrong overseas leads and a weaker rupee.<\/p>\n<p> (Reporting by Siddesh Mayenkar; Editing by Alison Williams)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HYDERABAD, India Aug 25 (Reuters) &#8211; The State Trading Corporation&#8217;s (STC) gold imports are likely to decline by 20 percent to 80 tonnes in the 12 months to March 2013 as higher prices curb demand, the head of the operation run by the Indian government said on Saturday. High inflation has hit consumers&#8217; disposable income [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13907","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13907"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13907\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}