Gold Silver Reports (GSR) – The 2.5% hike in customs duty on gold and precious metals proposed by Nirmala Sitharaman may see a rise in smuggling and illegal sale of the yellow metal. Traders last week had rued that the quantity of smuggled gold sold in the black market was rising due to skyrocketing prices.
Budget 2019
Budget 2019: Gold Custom Duty Increase 10 to 12.5%
Budget 2019 | Gold Duty | The government today increased customs duty on gold. Currently, gold attracts import duty of 10%. According to the Budget proposals, import duty to be hiked on gold and precious metals to 12.5%, from current level of 10%.
Gold Custom duty increase 10% to 12.50%
Gold custom duty increase 10% to 12.5%..
Govt proposes to increase import duty on gold to 12.5 pc
Budget 2019 – Cut Import Duty on Gold, Says Gems/ Jewellery Sector – Gold Silver Reports
The All India Gem and Jewellery Domestic Council (GJC) has sought a reduction in import duty on gold and called for increasing the cash purchase limit of gold to ₹1 lakh, from ₹10,000.
Gold Spot Update – Below $1424 Level Only Sell Big Down Side Expected
Gold Spot Update – Below $1424 Level Only Sell Big Down Side Expected
Safe havens shined brightly Tuesday “as global slowdown worries are growing,” said Edward Moya, senior market analyst at Oanda.”The initial trade truce risk-on rally is over, and markets have little to show in hopes of a trade deal getting finalized anytime soon.”
Gold Prices Near ₹35,000 – Reasons Why Prices are Rising
Gold Silver Reports (GSR) – The gold rally continues. In India, on the Multi Commodity Exchange (MCX), gold for delivery in August contracts traded higher by over 1% to ₹34,810 per 10 gram. The gold for delivery in October contracts, too, rose by over 1% to ₹35,020 per 10 gram.
![Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]](https://www.goldsilverreports.com/wp-content/uploads/2018/12/gold-silver-shop-neal-bhai-reports.jpg)
Spot Gold Upside Resistance Levels $1,444 – Neal Bhai
Spot Gold Upside Resistance Levels $1,444 – रत्न और आभूषण उद्योग ने सोमवार को वित्त वर्ष 2019-20 के लिए केंद्रीय बजट में गोल्ड पर सीमा शुल्क में कटौती के लिए सरकार से संपर्क किया। फिलहाल गोल्ड पर सीमा शुल्क 10 फीसद है।