A recent reduction in gold import duties—from 15% to 6% in the latest budget—has led to a remarkable 35-40% increase in sales for gold retailers across India. This dramatic shift has provided a much-needed boost to an industry that had been struggling with high prices and stagnant sales

The gold market experienced a significant uptick in prices on May 10, propelled by a combination of factors including a declining US dollar and heightened domestic demand

The precious metals market observed a notable downturn as both gold and silver prices experienced a dip on the Multi Commodity Exchange (MCX)

On the Multi Commodity Exchange (MCX), the price of gold soared by over Rs.1,000 per 10 grams, reaching a fresh high of Rs.73,461 per 10 grams

Gold prices are soaring, and instead of causing demand to slow down, the opposite is happening, as it does often, when it comes to gold sales in India, discovers R Sugandha

The yellow metal rose to trade at Rs.58,826 on the Multi Commodity Exchange.

Gold prices worst in 11 months

Gold price on June 25 in Delhi retail bullion market has crossed the historic Rs 50,000 mark to. It was slated at Rs 50,405 per 10 gm

The lockdown which was announced on March 22 across the country has brought gold imports to an all-time low

The World Gold Council (WGC) said it will soon submit the blueprint on spot exchange for yellow metal to the government.

Indias Multi Commodity Exchange (MCX) has experienced a record turnover and volume of gold.

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