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.
Indian archer Jyothi Surekha Vennam won gold medals in the women's individual compound and mixed team events at the Archery World Cup 2023 Stage 1, here on Saturday.
Besides cultural value, gold contributes to a great investment portfolio.
Keerthy Suresh, who plays the female lead in the upcoming Nani-starrer 'Dasara', gifted 130 gold coins to each unit member.
Both the passengers were produced before a Delhi court which remanded them to fourteen days judicial custody after the customs officials told the court that the accused were not required for further investigation.
The gold deposits have been found in different locations in Deogarh, Mayurbhanj and Keonjhar districts Steel, Steel and Mines Minister Prafulla Mallik told the Assembly on Monday.
