The government reduced gold duty drawback rates from Rs 704.1 to Rs 335.50 per gram and for silver items from Rs 8,949 to Rs 4,468.10 per kilogram. Duty drawback rates are refunds given to exporters to offset the customs duties paid on imported inputs

The indexation benefit, which previously allowed property prices to be adjusted for inflation, will deeply affect the real estate players, particularly long-term investors