Gems News
Post-Budget, gold volumes crash in futures market
The post-Budget demand for gold has almost become nil in the physical as well as the futures market, due to several taxes imposed by the government. When the physical market opened after three days of strike, volumes had dried. Similar was the case in the futures market, too. On the Multi Commodity Exchange (MCX), where most of the gold trading happens, volumes which were Rs 18,573 crore on the Budget
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