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.
It was his third individual gold medal in the Archery World Cup and first since winning the top prize in Paris two years ago.
On Tuesday, Gold weighing over 1,800 grams, worth over Rs 1 crore, was seized at Hyderabad Airport from three passengers, officials said.
The year 2023 gold may be a wise investment decision for a variety of reasons.
In an alarming recovery, more than Rs 2.31 crore in cash and one kg of gold were found in a locked almirah of Yojana Bhavan here, police sources said.
The statue has been installed at the park created near Lakha Banjara Lake in the city by Sagar Smart City Development Authority. The park has also been named as the Atal Park.
