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Has gold lost sheen after custom duty cut announced in Budget 2024?

By Economic Times - 2 months ago
Domestic gold prices crashed more than 8% from Rs.74,080 to Rs.68,388 per 10 gram following the Budget 2024 announcement. Prices of gold ETFs and sovereign gold bonds, which track prices of physical gold, also crashed by 5-6%. Investors fear that duty changes in the future will continue to wreak havoc on gold investments. On the contrary, investors who hold for longer may even recover some of the losses. Know what experts say

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