The recent reduction of gold import duty from 15% to 6% resulted in an 8% drop in domestic gold prices, affecting gold ETFs and sovereign gold bonds. Government aims to curb smuggling and boost gem and jewellery exports. Experts suggest that long-term gold investments can still recover losses from this policy change.
from Times of India https://ift.tt/lAbng71
from Times of India https://ift.tt/lAbng71