Business News
Home > Business News
Budget 2024 : ‘Customs duties on gold and silver reduced to 6 per cent’
TIWN July 23, 2024
TIWN July 23, 2024
PHOTO : Union Finance Minister Nirmala Sitharaman placed budget 2024-2025. TIWN Pic July 23, 2024
NEW DELHI, July 23 (TIWN): Finance Minister Nirmala Sitharaman on Tuesday announced to cut import duty on gold and silver to 6 per cent from 15 per cent.
The move will make them cheaper in India. Following the Budget 2024-25 announcement, gold and silver prices in India declined by around Rs 250 and Rs 400, respectively.
As of 2:00 pm, 24k gold was selling down at Rs 73,580 in the spot market after the Budget announcement, while silver was down by Rs 400 at Rs 91,100 per kg.
Add your Comment
Comments (0)
More Business News
- India’s industrial growth at 3.5 pc in July signals healthy recovery: Economists
- AI to unlock $500 billion opportunity for India’s tech services: Report
- India’s credit rating upgrade to boost investors’ confidence, drive foreign capital inflows
- Centre to update WPI, IIP; announces launch of new Producer Price Index
- S&P Rating's growth projection for India is no surprise: SBI Research
Special Articles
Sanjay Majumder
Anirban Mitra