According to Reserve Bank of India data, investors have encashed just around half a tonne out of SGBs against 14.7 tonnes eligible for premature redemption, at a time gold prices are close to record levels. Market experts said investors are reluctant to redeem these bonds since they believe that the prices will hit the ₹1
Given the current gold prices and the average consumption over the past five years, India is expected to consume gold worth approximately $70 billion in 2025. While concerns over the widening current account deficit (CAD) persist, they often overshadow the broader perspective. Gold continues to provide a buffer for Indian households during economic turbulence and
Last Updated:February 19, 2025, 07:00 IST In Union Budget 2024, Nirmala Sitharaman, the finance minister of India, announced that the long-term capital gains (LTCG) on gold ETFs would be taxed at a flat 12.5 per cent rate without indexation if held for just 12 months. Earlier, LTCG on gold ETFs were…Read More Gold ETFs aim