November 21, 2024
Gold Investing

SGB redemption: How much investors lost and government gained due to custom duty cut on gold

Sovereign Gold Bond (SGB) investors, especially the ones whose investment matured on August 5, were disappointed with the Budget 2024 proposal on customs duty. Just after the government announced a customs duty cut on gold from 15% to 6%, the price of gold fell. The decline in the price of gold following the budget announcement

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