Here is why gold and silver ETFs jump over 6% after government hikes import duty
While international gold and prices traded flat-to-negative on Wednesday afternoon, the domestic gold and silver bullion prices jumped over 6%. The sharp rise in gold and silver prices was also reflected in ETF prices, as the government hiked import duty on gold and silver to curb imports and save erosion of the Rupee.
While international gold and prices traded flat-to-negative on Wednesday afternoon, the domestic gold and silver bullion prices jumped over 6%. The sharp rise in gold and silver prices was also reflected in ETF prices, as the government hiked import duty on gold and silver to curb imports and save erosion of the Rupee.
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