India to Issue Pre-Authorization for Gold Imports

India's Directorate General of Foreign Trade has announced plans to issue pre-authorization for gold imports, with a maximum allowable limit set at 100 kilograms. According to Jin10, this move is part of India's ongoing efforts to regulate and manage the importation of gold, a significant commodity in the country's economy. The pre-authorization process aims to streamline the importation procedure while ensuring compliance with existing trade regulations. This development is expected to impact the gold market, as India is one of the largest consumers of gold globally.