Thursday 27 April 2017

#AOJQuote of the day 27th April 2017:

"Outlook for gold is good. A normal monsoon will boost farm revenues, increasing demand for gold. The only hitch in market is the impact of GST on bullion taxation. GST is expected to be rolled out in July, but there is no decision yet on rates to be imposed on bullion. Current taxation is around 12.2 %. Jewellers want taxation under the new regime to be at similar levels. "Aurobinda Prasad Gayan, VP-Research,Kotak Commodities

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