Investors hold on to gold ETFs even as prices slump after custom duty cut

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The story "Investors hold on to gold ETFs even as prices slump after custom duty cut" was covered 6 hours ago by Business Standard, a news publisher based in India.

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Investors hold on to gold ETFs even as prices slump after custom duty cut - Business Standard

Quick Summary:

As investors have made a good amount of gains from their gold investments in the recent past, they would end up paying a significant amount of tax.

According to investment advisors, existing investors may have decided to stick to their investments as prices slumped immediately after the announcement and considering the tax implications.

On the National Stock Exchange, gold ETFs were trading at a premium to NAV on Tuesday, at least in the latter part of the session.