Precious Metals
Gold prices in the domestic market increased after the Union Budget failed to deliver a widely expected import duty cut on the yellow metal.
Futures rate in the domestic gold market, which had priced in a cut of 2% in duty rate, increased 1.66% to Rs 28,070 per 10 gm. Media reports had suggested that finance minister Arun Jaitley may reduce import duty on gold from existing 10%.
D A I L Y B U Z Z
GOLDGold prices in the domestic market increased after the Union Budget failed to deliver a widely expected import duty cut on the yellow metal.
Futures rate in the domestic gold market, which had priced in a cut of 2% in duty rate, increased 1.66% to Rs 28,070 per 10 gm. Media reports had suggested that finance minister Arun Jaitley may reduce import duty on gold from existing 10%.
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