Gold prices up across India | Photo Credit: VIJAY SONEJI Gold prices in India have seen an upward trend today, February 3, with a mild increase across all major cities. The price of both 22-carat and 24-carat gold has risen compared to yesterday’s rates. This report provides a detailed, city-by-city breakdown of today’s gold prices….
While welcoming measures supporting MSMEs and lab-grown diamond (LGD), stakeholders from gems and jewellery sector said some of their requests for a cut in import duty on gold and GST rationalisation did not materialise in the Union Budget 2026-27. Kirit Bhansali, Chairman, Gem and Jewellery Export Promotion Council (GJEPC), said: “We thank the government for…
The Union Budget 2026 allows Special Economic Zone (SEZ) units to sell gems and jewellery in the domestic market at concessional duties, helping manufacturers utilise idle capacity amid falling exports | Photo Credit: SHASHI ASHIWAL/businessline The Budget’s move to allow units in Special Economic Zones to sell in the domestic markets will help jewellers who…
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…
