India to restrict gold imports

14 January 2013 Last updated at 10:43 ET Help

India is well known for its love affair with gold - and the country is one of the world's biggest importers of the precious metal.

But this is causing problems for the wider economy - by upsetting the country's balance of exports and imports.

The government is now planning to take steps to curb the appetite for gold, with the central bank is expected to tighter controls for gold loan companies.

Sameer Hashmi reports.

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