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FE Home - Print Edition - Market Impact

Gold prices may rise on high customs duty

In a move that could give a fillip to recycling of gold and push up local prices hurting the gems & jewellery industry, the Budget 2009-10 Monday proposed to increase the customs duty on gold bars by Rs 100 per 10 gram and that on other forms of gold by Rs 250 per 10 gram.

Market Impact

Impediments cleared; challenges yet to be addressed CTT abolition raises hope of more steps Rating agencies remain cautious on Budget impact Pension funds cheer Budget Moving from output-orientation to outcome-based orientation Insurance industry disappointed Budget boosts financial inclusion A practical approach to policy making and execution Deficit, govt borrowings to impact rates, Re Move to raise threshold of public holding in listed co More News

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