Gold prices have started coming down after the government reduced import duty on gold from 15 percent to 6 percent in the Budget.
There are reports that the government is more likely to abandon the gold bond scheme. Many people consider investing in gold to be safe. This gold bond scheme was brought in as an alternative to gold for them.

Accordingly, the amount payable will be recorded in the deed in grams of gold. Its duration is  8 years. After 8 years, we will get the same amount of money as gold as on that date. We will also be paid interest on the amount we pay. Many people are interested in investing in it because it is safe. In this situation, there are reports that the central government is going to abandon this gold bond scheme.
Gold prices have started coming down after the government reduced import duty on gold from  15 percent to  6 percent in the Budget.

The government is likely to abandon the gold bond scheme as investors will be more interested in buying gold than bonds. With the recent sharp decline in gold prices, many are wondering if now is the right moment to buy. Following a period of instability brought on by a number of financial and economic reasons, gold prices are currently declining. The price of gold and silver fluctuated significantly on Friday, rising from three- and one-month lows, respectively. The first price decline of the week was caused by a number of variables.
 
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Tamil Nadu

S Venkateshwari

31/07/2024 12:03 PM