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发表于 2020-9-6 08:25:54 | 显示全部楼层 |阅读模式
This rally was best at its monthly gain in ever MCX history of last 10 years and which recorded best gain after 2 years when in Augusts 2011, we had seen almost 22% rally when European financial crisis and US easy money policy was seen. However against this Spot Gold rose only by $ 110 per troy Ounce or we can say a gain of only 8.50% return month on month. During the month of august alone, Indian Rupee depreciated by almost 13% which contributed a major gains in Indian gold prices. Also, continue tightening BY Indian Government to control gold imports played sentiment role to increase premium of domestic gold prices over an international market. In order to curb gold demand, Government hiked import duty on gold thrice in 2013 to 10%. Custom duty on gold dore bars,height wedge shoes for women, ore or concentrate increased to 8% from 6%.Indian Government took every possible step to curb gold demand.
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