Gold Duty Hike
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Trump Says Gold Will Not Face Tariffs After Customs Confusion
US President Donald Trump said Monday that gold imports will not face additional tariffs, days after confusion flared on whether recent hikes applied to certain gold bars -- threatening to upend global trade of the precious metal.
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Budget 2019: Gold Prices Go Up As Customs Duty Raised For First Time In 6 Years
Customs duty on gold and other precious metals were raised for the first time in six years today as Finance Minister Nirmala Sitharaman announced an increase in import duty from the current 10 per cent to 12.5 per cent while presenting her first Budget.
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Gold Prices Rise To 1-Year High, Rupee Slides To 3-Week Low: 10 Points
Global gold prices have held close to their one-year high levels as geopolitical risks over North Korea remained elevated. Domestic gold prices too have risen to their highest levels this year (year-to-date) around Rs 30,500, tracking higher global prices. Meanwhile, the rupee fell to a three-week low against the US dollar, sliding to 64.26 against...
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Certificates instead of gold being exchanged at weddings
Amid the ongoing nationwide strike by bullion dealers, families in Rampur district of Uttar Pradesh are exchanging savings certificates instead of gold jewellery at weddings.
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Trump Says Gold Will Not Face Tariffs After Customs Confusion
US President Donald Trump said Monday that gold imports will not face additional tariffs, days after confusion flared on whether recent hikes applied to certain gold bars -- threatening to upend global trade of the precious metal.
-
Budget 2019: Gold Prices Go Up As Customs Duty Raised For First Time In 6 Years
Customs duty on gold and other precious metals were raised for the first time in six years today as Finance Minister Nirmala Sitharaman announced an increase in import duty from the current 10 per cent to 12.5 per cent while presenting her first Budget.
-
Gold Prices Rise To 1-Year High, Rupee Slides To 3-Week Low: 10 Points
Global gold prices have held close to their one-year high levels as geopolitical risks over North Korea remained elevated. Domestic gold prices too have risen to their highest levels this year (year-to-date) around Rs 30,500, tracking higher global prices. Meanwhile, the rupee fell to a three-week low against the US dollar, sliding to 64.26 against...
-
Certificates instead of gold being exchanged at weddings
Amid the ongoing nationwide strike by bullion dealers, families in Rampur district of Uttar Pradesh are exchanging savings certificates instead of gold jewellery at weddings.
