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.
Emkay Wealth Management expects gold prices to remain at USD 1,990 and USD 2,030 levels.
Hyderabad Customs officials at Rajiv Gandhi International Airport seized 454 grammes of gold valued at Rs 26.64 lakhs in two separate cases, an official said on Sunday.
The men’s cricket gold medal contest between India and Afghanistan culminated in an anti-climax with heavy rain.
In men's singles final Veteran Sourav Ghoshal went down fighting 1-3 against Malaysia’s Ng Eain Yow and settled for a silver
Besides the two Gold, Indian track and field stars also bagged Two Silver and an equal number of bronzes.
