In early international trade, spot gold registered a downward correction, trading 0.79% lower at $4,556.70 per ounce, reflecting mild risk-on sentiment in global equities. Conversely, spot silver displayed marginal resilience, ticking up by 0.14% to trade at $75.98 per ounce.
Deepak Shenoy, founder and CEO of Capitalmind, has questioned the Reserve Bank of India over its decision to transfer Rs 2.86 lakh crore as dividend to the Centre, calling the payout “disappointing” despite the central bank posting a significantly larger profit.
Days after Prime Minister Narendra Modi appealed to citizens to avoid buying gold for a year, the Centre has announced a major increase in import duty on gold and silver.
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The recent fall in gold prices and silver prices stems largely from cooling geopolitical tensions. Specifically, U.S. President Donald Trump extended a ceasefire with Iran
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Deepak Shenoy, founder and CEO of Capitalmind, has questioned the Reserve Bank of India over its decision to transfer Rs 2.86 lakh crore as dividend to the Centre, calling the payout “disappointing” despite the central bank posting a significantly larger profit.
Days after Prime Minister Narendra Modi appealed to citizens to avoid buying gold for a year, the Centre has announced a major increase in import duty on gold and silver.
Tap to read more......
The recent fall in gold prices and silver prices stems largely from cooling geopolitical tensions. Specifically, U.S. President Donald Trump extended a ceasefire with Iran
Tap to read more..................
