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

To increase the robustness of the investment portfolio, include gold and silver in the mix; additionally, gold serves as a good hedge against inflation