Page 9 - Gold
Gold pressured by stronger dollar, with Nvidia, US inflation data in focus
Markets are focused on the looming U.S. personal consumption expenditure (PCE) data, the Fed's preferred measure of inflation, due on Friday
 "Gold pressured by stronger dollar, with Nvidia, US inflation data in focus")
How will gold investments be taxed now? Which is the most tax-efficient?
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.
Gold price dips Rs 10 to Rs 73,020, silver rises Rs 100 to Rs 88,600
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,930
 "Gold price dips Rs 10 to Rs 73,020, silver rises Rs 100 to Rs 88,600")
Gold falls Rs 10, silver down Rs 100; yellow metal trading at Rs 73,030
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,940
 "Gold falls Rs 10, silver down Rs 100; yellow metal trading at Rs 73,030")
Govt slashes down drawback rates on exports of gold, silver jewellery
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
 "Govt slashes down drawback rates on exports of gold, silver jewellery")
Decoded: Should you invest in gold schemes that offer monthly instalment
Consumers must proper check retailers before investing in such schemes
 "Decoded: Should you invest in gold schemes that offer monthly instalment")
Gold price dips Rs 10 to Rs 72,860, silver falls Rs 100 to Rs 86,900
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,790
Gold price dips Rs 10 to Rs 72,640, silver rises Rs 100 to Rs 87,100
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,590
 "Gold price dips Rs 10 to Rs 72,640, silver rises Rs 100 to Rs 87,100")
Gold price dips Rs 10 to Rs 72,760, silver falls Rs 100 to Rs 85,800
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,690
 "Gold price dips Rs 10 to Rs 72,760, silver falls Rs 100 to Rs 85,800")
Gold price dips Rs 10 to Rs 72,760, silver falls Rs 100 to Rs 85,900
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,690
 "Gold price dips Rs 10 to Rs 72,760, silver falls Rs 100 to Rs 85,900")
Gold price climbs Rs 10 to Rs 71,630, silver rises Rs 100 to Rs 84,100
The price of 22-carat gold also inched up Rs 10, with ten grams of the yellow metal selling at Rs 65,660
Gold price dips Rs 10 to Rs 71,500, silver falls Rs 100 to Rs 83,400
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 65,540
How gold prices may perform in near future after custom duty reduction
Expert's suggest custom duty cut may have a short-term impact on the prices of gold
Gold imports dip 4.23% to $12.64 bn in Apr-Jul over global uncertainities
India's gold imports, which have a bearing on the country's current account deficit (CAD), dipped by 4.23 per cent to USD 12.64 billion during April-July 2024-25 due to global economic uncertainties, according to government data. The imports stood at USD 13.2 billion in April-July 2023. In July alone, the imports declined by 10.65 per cent to USD 3.13 billion as against USD 3.5 billion in the same month last year. The inbound shipments were also in negative during June (-38.66 per cent) and May (-9.76 per cent). In April, the imports jumped to USD 3.11 billion from one billion in April 2023. According to a jeweller, the high prices are discouraging the imports but it will go up from September as festive season will start in India and the import duty cut benefit is also there. The government has slashed the customs duty on gold and silver to 6 per cent from 15 per cent. Gold prices rose Rs 300 to Rs 73,150 per 10 grams in the national capital on August 14 amid a jump in precious m
 "Gold imports dip 4.23% to $12.64 bn in Apr-Jul over global uncertainities")
Gold price dips Rs 10 to Rs 71,500, silver rises Rs 100 to Rs 83,700
The price of 22-carat gold declined Rs 10, with ten grams of the yellow metal selling at Rs 65,540
Gold price climbs Rs 10 to Rs 71,630, silver rises Rs 100 to Rs 83,600
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 65,660
Gold price climbs Rs 10 to Rs 70,590, silver falls Rs 100 to Rs 82,400
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 64,710
Gold price dips Rs 10 to Rs 70,300, silver falls Rs 100 to Rs 83,000
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 64,440
Gold price dips Rs 10 to Rs 69,260, silver falls Rs 100 to Rs 81,400
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 63,490
 "Gold price dips Rs 10 to Rs 69,260, silver falls Rs 100 to Rs 81,400")
Gold price climbs Rs 10 to Rs 70,100, silver rises Rs 100 to Rs 83,100
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 64,260
 "Gold price climbs Rs 10 to Rs 70,100, silver rises Rs 100 to Rs 83,100")
