The bullion industry expects the government to announce significant reduction in import duty on gold in the upcoming Budget 2020. It must be noted that gold imports are curren jewellery industry tly levied customs duty of 12.5% and an additional 3% as GST.
Commodity News
Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
Precious Metal was on Track to Post a Weekly Gain
Precious Metal – Spot gold fell 0.2 per cent to $1,560.50 per ounce by 0131 GMT. For the week, prices were on track to gain 0.3 per cent. US gold futures slipped 0.4 per cent to $1,559.20.
MCX Gold Price Steady at Rs 40,080 per 10 gram, Silver Slip
MCX Gold prices declined by Rs 213 to Rs 40,080 per 10 gram in the Mumbai bullion market on rupee depreciation. It, however, traded steady in the international market ahead of European Central Bank’s first policy meet of the New Year later today.
Gold Price Outlook – Rates Consolidate as Corona-virus Breaks Out
Gold prices edged higher but were buoyed as riskier assets sold off following news of a new virus hitting China (Coronavirus) . The last time the world saw this kind of virus in Asia, known as SARS, gold prices rallied more than 27% over the next 12-months from March 2003 to March 2004.
Gold Price Today – भारतीय रुपये की वजह से सर्राफा बाजार में सोना-चांदी के दाम घटे
सर्राफा बाजार में बुधवार को सोने की कीमत में 51 रुपये की गिरावट गिरावट दर्ज की गई है। इस गिरावट से अब राष्ट्रीय राजधानी दिल्ली में सोने का भाव 40,688 रुपये प्रति 10 ग्राम हो गया है।
Gold Prices Kiss Two-week high, China will Start Celebrating the Lunar New Year This Weekend
Gold prices rose to a two-week high on Tuesday as a new strain of pneumonia in China stoked fears of a wider epidemic that could hamper economic growth, sparking a sudden bout of risk aversion and sell-off in Asian stocks.
Commodities Weekly Technical Research Report 20 — 24 January 2020 – Gold Silver Reports
MCX Live Commodities Weekly Technical Live Research Report 20 — 24 January 2020 By Neal Bhai Reports (NBR) India, New Delhi