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 two persons, hailing from Manipur, were travelling to Delhi, the GRP said.
Two Delhi Police personnel allegedly extorted gold worth Rs 50 lakh from two businessmen who had arrived at the Indira Gandhi International (IGI) Airport from Muscat and Qatar.
The temple's gold deposits in banks have increased from 7.3 tonnes in 2019 to 10.25 tonnes in 2022.
The raid was carried out on Saturday. The city police said that the businessman, Sailesh Pande's two bank deposits of Rs 20 crore have been frozen.
Hashika Ramachandra anchored the Karnataka 4x200m Freestyle Relay team to victory to climb the podium at the Sardar Patel Aquatics Complex here for the fourth time in the 36th National Games.
