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.
In the women's Individual compound event, Jyothi Surekha Vennam beat compatriot and the reigning archery world champion, Aditi Gopichand Swami, to progress to the gold medal match
Two -time winner Indian women's team will take on Chinese Taipei on 2 October in their opener.
Indian long-distance runners Kartik Kumar and Gulveer Singh bagged the silver and bronze medals respectively in the men’s 10000m race
India restricted Australia at 114/8 in the allotted 20 overs and then chased down the revised target of 42, following a weather-induced intervention, in just four overs.
The ongoing geopolitical and economic uncertainties like higher inflation, China economic jitters, and the pandemic-related economic distortions amid the Russia…
