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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.
Nirmala Sitharaman
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.”
Pak Must Act Against Terror, Says US After India’s Strike On Jaish
India Shoots Down Pak F-16; Pakistan Military Claims to Have Arrested Indian Pilot After Shooting Down 2 IAF Aircraft
The US asked Islamabad to take “meaningful action” against terrorist groups a day after India’s fighter jets crossed the Line of Control and destroyed a major terror training camp.