Post Budget Analysis : Domestic gold prices moved up by about 1% post the Budget 2023-24 announcement Says Ghazal Jain, Quantum AMC
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Below is Post Budget Commentary Ghazal Jain, Fund Manager, Alternative Investments , Quantum AMC
Domestic gold prices moved up by about 1% post the Budget 2023-24 announcement. Finance Minister Nirmala Sitharaman maintained the status quo and did not reduce the custom duty on Gold as was widely anticipated. In response, domestic gold prices which were trading at close to 2% discount saw some of the discounts unwind.
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