Govt puts curbs on gold dore imports, places it under restricted category

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The government on Friday put the imports of dore in  

"Import policy of dore is restricted," the directorate general of foreign trade (DGFT) said in a notification.

This means, now, an importer needs a license to import this commodity.

dore is a semi-pure alloy which is refined for further purification. Refined gold bars are manufactured from bar.

India, the world's second-biggest gold consumer after China, imports about 900 tonnes of gold a year. 

In value terms, fell by about 43 per cent to $1.68 billion in October.

The imports mainly take care of demand of the jewellery industry. 

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