Gold Silver Reports – The GST (goods and services tax) rate on gold jewellery is fixed at 3%. While it is higher than the earlier tax on gold, the GST rate is lower than expectations of a 5% rate and that is a relief.
Silver MCX Under Fresh Selling, Support ey 39560
Gold Silver Reports – Technically Silver mcx market is under fresh selling as market has witnessed gain in open interest by 3.61% to settled at 14190 while prices down 125 rupees.
Rupee Weakens for Sixth Session, Longest Losing Streak Since May 2016
Gold Silver Reports – The Indian rupee weakened for the sixth consecutive session, its longest losing streak since May 2016, on Thursday to hit a fresh six-month low against the dollar following a rout in equities over concerns of fiscal stimulus by the government.
Bonds Slide as Dollar Climbs on Tax Plan, Economy
Gold Silver Reports – Bonds Slide as Dollar Climbs on Tax Plan, Economy – Global bonds declined as optimism over the health of the U.S. economy and President Donald Trump’s tax-cut plan pushed Treasury yields higher with the dollar. Asian stocks were mixed as investors began to assess the implications of the much-anticipated tax proposal.
India May Raise Natural Gas Price First Time in 3 Years
Gold Silver Reports – India May Raise Natural Gas Price First Time in 3 Years – India may increase domestic natural gas prices for the first time in nearly three years, providing some relief to producers who are struggling to recover costs, a Bloomberg survey of analysts and industry participants showed.
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