bullion market
News

India’s Gold Imports Plunge 90% In March, Hitting Pandemic Low

India’s gold imports are anticipated to nosedive by more than 90 per cent in March, reaching their lowest point since the COVID-19 pandemic outbreak, according to a government official and two bank dealers cited by Reuters. The drop comes as banks curtailed imports following a surge in prices, which dampened demand for the precious metal, […]

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Feature Government National News

Govt Targets Tax Evasion Amid ‘Gold Findings’ Influx

In a bid to curb tax advantages exploited by jewellers, the government considers raising taxes on imported ‘Gold Findings’ used as connectors, following revelations of surging imports The government has moved to hike taxes on the imports of ‘gold findings’ after a report in BW Businessworld on 31 December 2023 revealed that its imports had […]

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