Sri Lanka announced a 10 percent tax on gold imports Friday in what observers said was a bid to curb smuggling to India as global markets trading in the precious metal reported sharp price drops ...

The biggest drop in gold prices since 1983 has divided central banks on whether the metal is cheap enough to increase investment. Sri Lanka’s central bank governor said falling prices are an ...

In the first week of March, the price of USD in Sri Lanka rose by over 50 per cent, from Rs 203 to Rs 320, according to the Central Bank of Sri Lanka. "Today the price of 24-carat gold is 205,000 ...

Sri Lanka has scrapped a 100% surcharge on gold imports and cut import duty with immediate effect after measures to curb purchases halted them completely in Q3.

Local industry watchers say the new tax in Sri Lanka would push up local prices and claimed the government move was aimed ... The price of gold in the London bullion markets plunged to $1,286.20 ...

The removal of gold import restrictions is on the cards and the end result for gold investors is an increase in demand for the yellow metal, the Finance Ministry claimed but local jewellers were of ...

* Gold import duty also slashed to 7.5 pct from 10 pct* Banks face rising non-performing loan risk after gold price fell* Imports jumped more than 47 percent in first half 2013(Adds context, quotes)By ...