Tag: Gold Market
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China Scraps Gold Tax Break: Global Bullion Markets React
Introduction: A watershed move in China’s bullion landscape China has abolished a long-standing tax incentive on gold sales, a decision announced by the Ministry of Finance that could significantly alter the price dynamics for one of the world’s largest bullion markets. The change, effective immediately, ends a policy designed to keep consumer costs lower and…
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China Scraps Gold Tax Break, Sending Shockwaves Through Global Bullion Markets
Background: Why a Tax Break existed and Why It Was Abolished For years, China offered a tax incentive on gold sales aimed at promoting physical gold investment and stabilizing domestic demand for bullion. The incentive—often a reduced or zero sales tax—made gold buying more affordable for consumers and local traders alike, reinforcing China’s position as…
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Gold Price per Tola Update: 22K Jewelry Drops to Rs 86,720
Market Overview Gold continues to behave as a key safe-haven asset, with international demand and currency movements shaping domestic prices. Investors worldwide seek hedges against inflation and economic uncertainty, a trend that often translates into daily volatility for the gold price per tola and per gram in local markets. While long-term demand remains intact, short-term…
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Gold Price Fluctuations: Global Demand Pushes Tola and Gram Higher
Global Demand Fuels Gold Price Movements Gold, often viewed as a safe-haven asset, continues to react to a mix of global risk signals and local market dynamics. International investors have been piling into precious metals to protect wealth amid inflation concerns, currency volatility, and geopolitical uncertainty. As demand for gold rises on the world stage,…
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Gold Price in Tamil Nadu Dips on Aug 2: 22K Gold at Rs 87,040 Per Sovereign
Aug 2: Tamil Nadu Gold Price Update Gold price in Tamil Nadu edged lower on Aug 2 after a recent stretch of gains, as international investors continued to seek safe-haven assets. The 22-karat jewelry gold rate stood at Rs 87,040 per sovereign, with the price per gram at Rs 10,880. The day also saw silver…
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Gold Price Today: Sovereign Rate Drops in India as Demand Cools
Gold price today: a brief dip amid recent rally Gold prices in India edged slightly lower today after several sessions of gains, with 22-karat jewelry gold tracking lower at the sovereign level and per-gram rates easing. As investors weigh global dynamics and domestic demand, the latest update shows a modest retreat from the extremes touched…
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Gold Rate Today on 29 September: Prices Dip as Markets Wobble
Overview Gold rate today on 29 September shows a modest easing after a rapid ascent earlier in the year. While the metal remains near year to date highs, the daily move is small, giving buyers and investors a moment to reassess their positions. Today Rate and Market Context As trading sessions unfold, the price of…
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Gold Rate Today: 29 September Update for India
Gold Rate Today: 29 September — A Quick Look Gold rate today in India for 29 September reflects a market that has been choppy since the year’s start. Gold prices surged to high levels at the beginning of the year, then eased a bit, only to rise again in fits and starts. In the past…
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Gold Price in Chennai Reaches Unprecedented Highs: Today’s Status
Gold Price in Chennai: Today’s Snapshot Gold markets in Chennai have been the focus of attention as prices moved to historically high levels this week. Reported rates crossed the Rs 85,000 mark per savar (the traditional gold measure) on the 23rd, touching an all‑time high. After a brief dip over the following two days, prices…
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Gold Rate Today, 29 September: A Marginal Dip in Gold Prices
Gold Rate Today, 29 September: A Cautious Dip Ahead of Festive Season Gold has long been a hedge against uncertainty, and the price movement this year has kept buyers and investors on their toes. On 29 September, the domestic gold rate today displayed a marginal dip after a stretch of volatility. While the broader trend…