Gold exchange will be started soon in the country. This means that you will also be able to buy and sell gold like stocks. Experts of economic matters are considering this as a big decision of the government.
Gold exchange will be started soon in the country. This means that you will also be able to buy and sell gold like stocks. Experts of economic matters are considering this as a big decision of the government. Finance Minister Nirmala Sitharaman has announced a gold exchange in his budget speech. Regulation of this exchange will also be done by SEBI (stock exchange in India) just like BSE and NSE. This gold exchange will also be traded like BSE and NSE.
Retail investors will benefit
According to economic experts, this decision of the government will increase the number of retail investors who invest in gold. This decision of the government will increase transparency in investing in gold. In a period of uncertainty, a large number of investors invest in gold as a safe investment. At present, there is no regulator regarding investment in gold. Only gold ETFs coming under market scope are under the regulatory purview of SEBI. The Finance Minister has also proposed to bring an investor charter to protect investors. It will be about the rights of investors in all financial institutions.
Gold becomes cheaper due to decrease in custom duty
This time the custom duty on gold and silver has been reduced in the budget. The finance minister has reduced the custom duty on gold from 12.5 percent to 7.5 percent. After this announcement by the Finance Minister, gold has become cheaper by about Rs. 1200. Traders doing jewelery business have been demanding that custom duty be reduced for a long time.
These are the gold rates today these are the gold rates today
Weakness was seen in gold prices as soon as the market opened on Tuesday, while silver saw a big fall. Gold (gold price today) On Tuesday Multi-Commodity Exchange (MCX) at around 11.00 am on Tuesday 02-2-2021, gold was trading up by Rs 8.00 to Rs 48386.00 per 10 grams. At the same time, silver was trading at Rs 72036.00 per kg with a gain of Rs 1,630.00.
Here is the rated Gold Price in Delhi Today In delhi
Gold Price Today in delhi On Monday, a tremendous decline in gold prices was recorded in the national capital. While a tremendous jump in silver prices was recorded. According to HDFC Securities, gold prices in the national capital on Monday declined by Rs 1,324 per 10 grams. Due to this, the price of gold in Delhi was reduced to Rs 47,520 per 10 grams. In the previous session, the gold price was at Rs 48,844 per 10 grams. According to HDFC Securities, the decline in gold prices was observed after the announcement of reduction in import duty on gold and silver in the Union Budget.
