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  • News From Press Investing in gold: Gold ETFs’ upswing set to continue

    Investing in gold: Gold ETFs’ upswing set to continue

    Source:Financial Express Jul 11, 2022

     

    Gold prices have moved up around 3% to Rs 52,164 in the domestic market a week after the government raised the import duty on the metal by 5% to 12.50%, with the effective duty at 15%, including the 2.5% agri cess. The hike was done to check the ballooning current account deficit amid rising imports of the yellow metal which spiked to $2.61 billion in June this year from $969 million a year ago.

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