Said to be the largest-ever tax raid in Kerala, the investigation covered 74 buildings that included retail jewellery shops, wholesale outlets, ornament-making units, and residences of jewellery owners.
Businesswomen in Chennai, Mumbai & Delhi turn to gold for bank loans. Though popular, many prefer personal savings, indicating a dire need for better financial support.
Foreign investors shift from India to China amid rising uncertainty and intensifying West Asian tensions. Indian markets closed lower yesterday, no signs of improvement today.
Experts recommend maintaining a well-diversified portfolio that balances gold and equities, with an allocation to gold that ranges between 5 percent to 15 percent.
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