Higher gold taxes could backfire again
When governments want consumers to buy less of something, they usually reach for taxes.
When governments want consumers to buy less of something, they usually reach for taxes.
India’s gold market witnessed a structural shift in the March quarter, with investment demand overtaking jewellery consumption for the first time on record, according to the World Gold Council (WGC).
The gold prices have witnessed sharp correction in the month of March as it fell as much as 12% recording the steepest fall since 2013.
Gold and silver prices eased on Monday amid a firmer US dollar and higher inflation expectations, trimming hopes of US Fed rate cuts in the near term.
Gold and silver prices eased on Thursday, amid profit booking by investors, although rise in geopolitical tensions and decline in US dollar capped the slide.
The 18-years-old from the agricultural belt of Dewas in Madhya Pradesh unsuccessfully attempted to cross 5.20m at the Bambolim Athletics stadium but said the competition was a valuable learning experience.
April 17, 2022 is the date Manisha will never forget. She lost her father on the very day she had to depart for the Asian Championships after getting the better of Sakshi 5-1 in the trials for the 62kg weight category.
The global demand for gold fell by 6 per cent to 1,147.5 tonnes during the third quarter of 2023 amid slowing demand for bars and coins and reduced buying from central banks
With this India’s tally in the championship currently includes one gold, one silver and one bronze.
It is worth highlighting that India is the biggest importer of gold in the world. According to the data by the Ministry of Commerce, gold worth USD 22.25 billion was imported in April-September 2023 which is 10 per cent more than a year ago
