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.
Kept under lock and key in the treasury of the Karnataka government, housed in the Vidhan Soudha, Jayalalithaa’s properties were decreed to belong to the Tamil Nadu government by the Karnataka High Court in a judgment made last month.
The inflows in January were the highest-ever recorded for gold ETFs in a single month, as Rs 640 crore was invested in December 2024.
The Border Security Force (BSF) claims to have arrested a cross-border smuggler in the North 24-Parganas district of West Bengal on Saturday with silver ornaments weighing 8.5 kg.
The seizure was made in the wee hours of Friday on a tip-off.
It said that the gold prices are up 28% in USD till November-end.
