Finance Minister Nirmala Sitharaman defended the new taxation rules for Sovereign Gold Bonds (SGBs) and the hike in Securities Transaction Tax (STT) on futures and options. | Photo Credit: R V Moorthy / The Hindu Finance Minister Nirmala Sitharaman firmly defended the new taxation regime for Sovereign Gold Bonds and the increased Securities Transaction Tax…
Gold and silver prices traded in a volatile range on Monday as markets digested last week’s sharp correction, with both metals holding above key support levels despite continued pressure from a stronger US dollar and higher Treasury yields. COMEX gold traded near $4,580-$4,700, down from highs above $4,900, while MCX gold futures hovered in the…
File photo: Silver rate today. | Photo Credit: Leonhard Foeger Silver prices in India dipped sharply on February 2 across all major cities. The price of one gram silver and one kg silver dipped ₹20 and ₹20,000, respectively compared with the previous session’s closing price. This report provides a detailed, city-by-city breakdown of the latest…
The precious metals complex continued to nosedive on Monday, with prices in domestic and global markets falling sharply as investors switched back to bonds and currencies from gold and silver. Silver fell by over 10 per cent, gold by 7 per cent, platinum by 8 per cent and palladium by over 7 per cent as…
FILE PHOTO: Gold rate today. | Photo Credit: Hollie Adams Gold prices in India saw a decrease all key cities. The price for 8 grams of 24-carat gold also dropped in all cities compared with the previous session. Below is a detailed breakdown of gold prices in key cities. Gold rates in India: Gold prices…
Gold fell, following its biggest plunge in more than a decade, and silver whipsawed in choppy trading after a dramatic pullback from record highs. Spot gold fell as much as 6.3% on Monday. Silver swung sharply, dropping to around $75 an ounce having earlier climbed as much as 3.2%. The white metal recorded its biggest…
By ring-fencing tax benefits, the government emphasizes long-term investment in sovereign instruments and ensures uniform treatment across all SGB issuances, promoting stable investment behavior and discouraging short-term speculative trading. | Photo Credit: lakshmiprasad S The Budget has clarified that the capital gains tax exemption on sovereign gold bonds will not apply to investors who purchase…
Silver prices in India dipped sharply as reported on February 1 across all major cities. The price of one gram silver and one kg silver dipped ₹30 and ₹30,000, respectively compared with the previous session’s closing price. This report provides a detailed, city-by-city breakdown of the latest silver prices. Market experts remain constructive on silver…
Gold and silver prices remained under pressure on Sunday afternoon following the Union Budget presentation, with traders attributing the decline primarily to global macro factors rather than Budget announcements, as both metals recovered partially from morning lows after hitting lower circuits. MCX gold futures traded 5 per cent lower after a modest intraday recovery, having…
Gold witnessed one of its sharpest corrections in decades on Friday, plummeting nearly 16 per cent from record highs above $5,480-$5,626 to trade around $4,745-$4,887 per ounce, as aggressive profit-booking followed the nomination of Kevin Warsh as the next US Federal Reserve Chair. On the Multi Commodity Exchange (MCX), gold retreated from peaks near ₹1,80,000…
