Sharp rise in demand for Gold in India after tax cut – Commerzbank
30.07.2024, 15:32

Sharp rise in demand for Gold in India after tax cut – Commerzbank

A significant increase in demand for Gold in India can be observed right now, Commerzbank’s commodity analyst Carsten Fritsch notes.

India’s hunger for Gold becomes stronger

“The reduction in the Gold import tax and the resulting fall in local Gold prices to a 4-month low has led to a significant increase in demand for Gold in India. As a result, the price premiums demanded by dealers in India over official domestic prices, including the import and sales taxes payable, have risen to up to USD 20 per troy ounce.”

“According to Reuters, this is the highest level in ten years. Last week, before the tax cut, they were still offering discounts of up to $65, which were the highest for 28 months. By contrast, local Gold prices in other Asian countries are less volatile.”

“In China, the discounts offered by dealers compared to the global market level are still close to a 2-year low, with the range varying between a discount of $10 and a premium of $2. This indicates that demand remains subdued. In Japan, Gold was sold at discounts of $3, while in Singapore and Hong Kong Gold was offered at either slight premiums or discounts.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik