India's Finance ministry asks for controls on gold imports

India’s finance ministry has reportedly asked the country’s central bank, the Reserve Bank of India, to consider re-imposing some controls on imports of gold following a surge in shipments in September.

Incoming shipments soared by 450% last month, leading to an 18-month high in the trade deficit to reach $14.25bn. The yellow metal is the sub-continent’s second largest import, behind oil.