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
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 65,540
Expert's suggest custom duty cut may have a short-term impact on the prices of gold
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
The price of 22-carat gold declined Rs 10, with ten grams of the yellow metal selling at Rs 65,540
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 65,660
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 64,710
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 64,440
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 63,490
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 64,260
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 63,490
There is no direct tax applied at the time of purchasing gold. However, authorities capture the details of the gold purchase through the PAN information provided at the time of the transaction
Gold price today, August 7, 2024: Barring any major developments on the geopolitical front, gold may slide further
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 63,890
The Indian gold industry on Tuesday announced the formation of the Indian Association for Gold Excellence and Standards (IAGES), a self-regulatory organisation (SRO) supported by the World Gold Council. The organisation aims to remove the trust deficit and enhance transparency within the sector. The framework for IAGES will be independently governed and professionally managed. It will be released soon, after which memberships will be announced. The organisation is expected to become operational by December this year or January 2025, WGC Regional CEO, India, Sachin Jain told PTI. IAGES will be formed by national industry associations, including the Indian Bullion and Jewellers Association (IBJA), All India Gems and Jewellery Council of India (GJC) and Gem and Jewellery Export Promotion Council (GJEPC). "IAGES, created by the Indian gold industry, represents the coming together of various stakeholders in the sector. It aims to increase consumer and government confidence by enhancing
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 64,690
Gold prices, CLSA said, have risen from $1,806 per ounce (oz) since Tokyo Olympics 2020 began on July 23, 2021 to $2,387/oz at the start of Paris Olympics 2024 on July 26
The price of 22-carat gold slipped Rs 10, with the yellow metal trading at Rs 64,690
The price of 22-carat gold rose Rs 10, with the yellow metal trading at Rs 64,810