Gold price outlook: Is precious metal still a good investment bet post import duty cut? Here’s why you shouldn’t dismiss it!

The recent reduction of gold import duty from 15% to 6% resulted in an 8% drop in domestic gold prices, affecting gold ETFs and sovereign gold bonds. Government aims to curb smuggling and boost gem and jewellery exports. Experts suggest that long-term gold investments can still recover losses from this policy change.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/n7r5BWQ