QUOTES OF THE DAY

"I expect jewellery demand to rise this fiscal but investment demand may not pick up until the authorities cut the high import duty and also relax the 20:80 rule for import."

Mehul Choksi, Chairman, Gitanjali Group

“There is a feeling in the market that import duty will be reduced from 10% to 4% in the upcoming budget. If that happens and the rupee continues to remain strong, gold prices can come down to Rs 24,000-25,000 per 10 gram.”

Sachin Kothari, Diirector, BullionIndia