Gold demand falls 5% in Q2 CY24; import duty cut to spur growth in Q3
The 9% reduction in import duty on gold is expected to revive demand in the July-September quarter,” says Sachin Jain, Regional CEO, India, World Gold Council.
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March 2024
Customs duty cut on gold, silver to boost domestic jewellery demand
The budget reduced customs duty on gold bars from 15% to 6%, gold dore from 14.35% to 5.35%, Silver bars from 15% to 6%, and silver dore from 14.35% to 6%.
Budget 2024: Gold, gems and jewellery sector seeks incentives to be a global hub
The gold and jewellery industry expects continuation of pro-growth and pro-gold policy reforms.
Gold among top performing assets in H1 2024, outpaces EM stocks
Gold is up 12% y-t-d and has been trading above US$2,300/oz for most of Q2 2024
Akshaya Tritiya 2024: Analysts advise caution on gold buying
Given the skyrocketing gold prices, analysts recommend investors to accumulate yellow metal in smaller denominations this festive season.
Gold On A High
In the metals market, Gold has surged to a new all-time peak, Copper futures experienced substantial gain, and HRC Steel prices have declined 22.69% since the beginning of 2024.
What’s Behind Gold’s New Peak?
Central banks shore up gold reserves to prepare for turbulent times, pushing up prices across the globe. The trend is here to stay.
Spot gold at record high of ₹66,795; here's why
Analysts expect the gold prices to further touch ₹67,450-$67,900.
Gold vs digital gold: The great dichotomy
It is perplexing that gold ETFs are losing sheen even when physical gold prices are skyrocketing.
IIFL Finance shares hit 20% lower circuit for 2nd day; Jefferies downgrades after RBI action
Jefferies has downgraded IIFL Finance to ‘Hold’ from ‘Buy’, while cutting its target price to ₹435 from ₹765 estimated earlier.
