BEAMSTART Logo

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

Business Standard LogoBusiness Standard1 mo ago

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

Quick Summary AI Powered

Ajay Kedia, director at Kedia Advisory, said, “Friday’s gain in gold on MCX will be short-lived as this is only because of the duty hike.

The import duty hike on gold should be seen in this context, feel experts.

Friday’s move is among steps to curtail domestic demand for gold, following the increase in gold import bill in the financial year 2021-22.


More Pictures


or

Article Details

Author / Journalist: Rajesh Bhayani

Category: EconomyFinance

Topics: Duty Cent Market Prices Been Hike Import Increase Price Gold Domestic

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 21:36:00

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Reading Time: 5 minutes read

Article Length: 811 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 25506

View Article Analysis

About Business Standard

Business Standard Logo

Main Topics: EconomyFinance

Official Website: business-standard.com

Update Frequency: 255 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.