Only about 15% of Jan Dhan accounts enjoy the credit facility at present.
The question is what’s driving international gold prices up? The short answer is geopolitical tensions.
Your gold purchases will now be impacted under GST.
As per the industry estimates, India’s gold imports for the Jan-March quarter are pegged at 200 tonnes.
At a time when there is no clarity on what demonetisation might have achieved, the Government moved ‘The Taxation Laws (2nd Amendment) Bill 2016’ in the Lok Sabha.
Like any other Republican, Mr Trump is a staunch supporter of an aggressive fiscal policy and across the board moderation in taxes.
Many large participants in the gold market believe that the falling gold prices may provide an impetus to aggressive buying.
Investors have not only been looking at the gold price movements, but at the movement of stock market indices as well before investing in gold.
For the fourth tranche, the issue price per gramme is decided to be Rs 3,119.
Amidst the falling Rupee and strengthening of prices internationally, gold reached a 26-month high in India recently.