The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,680
Traders are confident that the US Fed will cut rates this month and are pricing in a 59 per cent chance of a 25-basis-point cut, according to CME FedWatch tool
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,690
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,940
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,690
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 67,040
In India, the world's second-largest gold consumer, domestic prices were ruling around 71,900 rupees per 10 gram on Friday
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 67,140
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 67,160
Markets are focused on the looming U.S. personal consumption expenditure (PCE) data, the Fed's preferred measure of inflation, due on Friday
For long-term investors, Sovereign Gold Bonds (SGBs) held until maturity or sold to the Reserve Bank of India (RBI) remain the best option. The gains are 100 per cent tax-free.
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,930
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,940
The government has reduced the drawback rates on exports of gold and silver jewellery by more than half to adjust for the significant cut in import duties on these precious metals in the Budget. A notification regarding this was issued by the Department of Revenue. On the export of gold jewellery, the drawback rate has been brought down to Rs 335.5 from Rs 704.1 per gram of net gold content in the article. The rate of silver jewellery and articles of silver have been cut to Rs 4,468 per kilogram of net gold content in an article. The Duty Drawback Scheme refunds import duties and internal taxes, which are paid while importing goods, which are, in turn, used for manufacturing products for exports. In the Budget, the import duty on gold and silver to 6 per cent from 15 per cent. Through this notification, "duty drawback on gold and silver jewellery was reduced as the duty on gold and silver lowered in the budget", Federation of Indian Export Organisations Director General Ajay Sahai
Consumers must proper check retailers before investing in such schemes
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,790
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,590
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,690
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,690
The price of 22-carat gold also inched up Rs 10, with ten grams of the yellow metal selling at Rs 65,660