Finance Minister Nirmala Sitharaman on Tuesday clarified in a written answer that the government’s decision to discontinue Sovereign Gold Bonds in fiscal 2025 was due to rising borrowing costs, citing gold price volatility and global economic challenges.
Nirmala Sitharaman
Union Budget 2025: Is Indian stock market open or closed on Saturday (February 1)?
Union Budget 2025: Indian stock markets, which are usually closed on weekends, will be open for trading this Saturday, February 1, when Finance Minister Nirmala Sitharaman will present the Union Budget.
बजट 2024: वित्त मंत्री निर्मला सीतारमण ने सोने और चांदी पर कस्टम ड्यूटी घटाकर 6% करने की घोषणा की
वित्त मंत्री निर्मला सीतारमण ने 23 जुलाई को सोने और चांदी पर सीमा शुल्क घटाकर 6% करने की घोषणा की। इसके अलावा वित्त मंत्री ने प्लैटिनम पर सीमा शुल्क घटाकर 6.4% करने की भी जानकारी दी।
Union Budget 2019 India : Duty Hike May See Gold Smuggling Rise
![Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20650%20380'%3E%3C/svg%3E)
Gold Silver Reports (GSR) – The 2.5% hike in customs duty on gold and precious metals proposed by Nirmala Sitharaman may see a rise in smuggling and illegal sale of the yellow metal. Traders last week had rued that the quantity of smuggled gold sold in the black market was rising due to skyrocketing prices.
Budget 2019: Gold Custom Duty Increase 10 to 12.5%
Budget 2019 | Gold Duty | The government today increased customs duty on gold. Currently, gold attracts import duty of 10%. According to the Budget proposals, import duty to be hiked on gold and precious metals to 12.5%, from current level of 10%.
Gold Custom duty increase 10% to 12.50%
Gold custom duty increase 10% to 12.5%..
Govt proposes to increase import duty on gold to 12.5 pc
Budget 2019 – Cut Import Duty on Gold, Says Gems/ Jewellery Sector – Gold Silver Reports
The All India Gem and Jewellery Domestic Council (GJC) has sought a reduction in import duty on gold and called for increasing the cash purchase limit of gold to ₹1 lakh, from ₹10,000.