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Quote on Gold by Mr. Inderbir Singh Jolly, CEO- Wealth Management, PL Capital Group- Prabhudas Lilladher
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Below the Quote on Gold by Mr. Inderbir Singh Jolly, CEO- Wealth Management, PL Capital Group- Prabhudas Lilladher
This year, the big trigger for gold prices in India was Budget 2024 which introduced measures to regulate the gold market and enhance its economic impact. This included revision of import duties on gold, promotion of digital gold transactions and enhancements to the Sovereign Gold Bond Scheme. These measures stabilized the gold market, encourage transparent trading, and boosted investor confidence. Gold prices in India are being influenced by various global and domestic factors, including supply chain disruptions, demand-supply dynamics, currency fluctuations and geopolitical tensions.
As of December 25, 2024, the gold rates in India have slightly declined, making it a potential opportunity for buyers.
The current prices are:
* 24 Carat Gold (10 grams): Rs.77,513, down by Rs.100¹
* 22 Carat Gold (10 grams): Rs.71,063, down by Rs.100¹
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