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Gold Duty

Gold strategy on February 5: Support at Rs 82,450; Resistance at Rs 85,000

Gold rally is being driven more by subdued yields and US Dollar Index rather than safe haven demand

Gold strategy on February 5: Support at Rs 82,450; Resistance at Rs 85,000
Updated On : 05 Feb 2025 | 12:56 PM IST

Yellow metal strategy: UBS raises Gold target to $2,750 by end of 2024

UBS analysts have raised gold's target to $2,750 per oz by end-2024 (from $2,600 per oz), $2,850 per oz by mid-2025 (from $2,700 per oz), and $2,900 per oz by end-3Q25 (from $2,750 per oz)

Yellow metal strategy: UBS raises Gold target to $2,750 by end of 2024
Updated On : 30 Sep 2024 | 1:30 PM IST

India's gold demand drops 5% in June quarter; up 14% in value term: Report

Gold demand India: Gold prices, meanwhile, surged 18 per cent year-on-year (YoY) in the June 2024 quarter to $2,338.2 an ounce (oz), and were up nearly 13 per cent when compared with the December 2023

India's gold demand drops 5% in June quarter; up 14% in value term: Report
Updated On : 30 Jul 2024 | 10:07 PM IST

What does the jewellery sector expect from FM Sitharaman?

Union Budget 2024: Finance Minister Nirmala Sitharaman will present the Budget in the Lok Sabha on July 23

What does the jewellery sector expect from FM Sitharaman?
Updated On : 11 Jul 2024 | 5:08 PM IST

Duty concession on gold will be concern for India in FTA with Peru: GTRI

Duty concessions on gold, which accounts for 80 per cent of India's imports from Peru, is the most challenging issue for New Delhi under the proposed free trade agreement with the South American nation, a report said on Sunday. Economic think tank Global Trade Research Initiative (GTRI) said that gold, a high-value product with low volume, attracts a 10 per cent basic customs duty in India, and even minor tariff concessions could lead to a significant increase in imports. India and the South American nation Peru are negotiating a free trade agreement to promote bilateral trade and investments between the two countries. In such pacts, two trading partners either significantly reduce or eliminate customs duties on the maximum number of goods traded between them, besides easing norms to promote trade in services. The next round of talks is expected to start this week in Lima, Peru. "Tariff concessions on gold, accounting for USD 1.8 billion or 80 per cent of India's imports from Peru

Duty concession on gold will be concern for India in FTA with Peru: GTRI
Updated On : 11 Feb 2024 | 4:15 PM IST

Govt raises import duty on gold, silver jewellery findings to 15% from 11%

In a notification issued on Monday, India's Ministry of Finance also hiked the import duty on spent catalysts containing precious metals to 14.35 per cent from 10.1 per cent

Govt raises import duty on gold, silver jewellery findings to 15% from 11%
Updated On : 23 Jan 2024 | 2:07 PM IST

Despite price fall, domestic gold trading at a discount to imports

In Mumbai, the yellow metal is going at a discount of $7-10 per ounce while in Ahmedabad it is $7

Despite price fall, domestic gold trading at a discount to imports
Updated On : 23 Sep 2022 | 9:15 PM IST

High duty may extend slack season for gold, keep prices in check for now

Gold domestic futures jumped by about 3 per cent to over Rs 52,000 per 10 gram in initial trading

High duty may extend slack season for gold, keep prices in check for now
Updated On : 01 Jul 2022 | 11:11 PM IST

Sharp rise in gold smuggling likely after duty hike, govt gets into action

Revenue intelligence officials asked to tighten vigilance; bullion analysts foresee 300-tonne spike off the record

Sharp rise in gold smuggling likely after duty hike, govt gets into action
Updated On : 10 Jul 2019 | 12:50 AM IST

Gold duty cut may become a sticking point in India-EFTA talks

India is in a spot as its already grappling with a surge in gold imports from its FTA partners, including South Korea and Asean member Indonesia

Gold duty cut may become a sticking point in India-EFTA talks
Updated On : 29 Sep 2017 | 9:54 PM IST