Import policy of gold dore is restricted: DGFT

The government Friday put the imports of gold dore in the restricted category.

"Import policy of gold 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.

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

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

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

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