What triggered the sharp rally in gold and silver ETFs and MCX bullion prices?
Gold and silver ETFs surged up to 15% on Wednesday after the government raised customs duties on precious metal imports to 15%, triggering a sharp rally in MCX bullion prices. Gold futures crossed Rs 1.63 lakh per 10 grams, while silver prices moved close to Rs 3 lakh per kilogram, boosting investor interest in bullion-backed ETFs.
Gold and silver ETFs surged up to 15% on Wednesday after the government raised customs duties on precious metal imports to 15%, triggering a sharp rally in MCX bullion prices. Gold futures crossed Rs 1.63 lakh per 10 grams, while silver prices moved close to Rs 3 lakh per kilogram, boosting investor interest in bullion-backed ETFs.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
