Ever since I have started my blog, you must have noticed that I first analyse the international markets and then the domestic markets.
But since this week was an important and crucial week for gold as it was the new governments first budget since election, I would like to glance through the domestic markets first.
The previous government had over the past two years raised the import tax on gold to 10% from 2% and mandated that 20% of imports had to be re-exported to stem a slide in the value of the rupee and narrow the current-account deficit.
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