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Gold rates in India would depend on a number of factors, including international gold rates, local tariffs and also the currency movement against the dollar. One of the singlemost important factors for changes in gold prices is international gold rates. These depend on a number of factors like interest rates in the US. When interest rates in the US go up, gold prices fall and vice versa. What has happened in the last few weeks is that there are worries that Donald Trump's election could lead to inflationary pressures in the economy. This in turn could lead to higher inflation and lower gold prices. The belief is that Donald Trump's policies could lead to fiscal expansion and hence a pressure on interest rates and a sharp drop in the price of gold.

Gold Rate Today (29th April 2017), Gold Price in India

All other categories of taxpayers in subsequent brackets will get benefit of Rs 67,555. Surcharge of 65 per cent to be levied on persons earning between Rs. 55 lakh to Rs. 6 crore.

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Gold prices in India are expected to open marginally higher in trade, as gold prices in the international markets rallied, following doubts over the plans by Donald Trump, on various tax proposals. This led to gold prices being higher in the international markets, which also meant gold prices in India are expected to trade with gains.

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Leader of Opposition Mallikarjun Kharge rises to speak. He says E. Ahamed is a very senior Member and as a mark of respect, the House should be adjourned today and Budget can be presented tomorrow.

 
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partner - indirect tax, PricewaterhouseCoopers The finance minister thanks the Parliament and the States for passing of the Constitution Amendment Bill for passage of GST. The finance minister also thanks the states for resolving the issues related to GST in the GST council meetings. The finance minister reiterated that GST shall enable simplification of indirect taxes, spur economic growth and ensure efficiencies/ transparency in tax administration.

8) Global demand for the precious metal. Demand plays an important role in determining the gold rates today per gram in India. If the demand is not robust prices would fall. On the other hand in times of good demand prices of gold would gain.

So, you need to be a little weary on that count. If you believe that the making charges of gold and jewelery is significantly high, we suggest that you look at other goldsmith, where you would get a decent price. Hence, it is always a good idea to compare, rather then paying huge amounts.

Equities have also rallied a great deal, offering lesser opportunities for investors to park money in instruments like gold. In India, also the month of April is not the best month to buy gold, though there are opportunities buy ahead of the festival season. Gold for both 77 karats and 79 karats is expected to trade at prices of around Rs 79,755 when markets open for trade. However, there maybe increased volatility ahead of global events which would put pressure on gold.

However, if you have some suspicion on the purity of the gold in India, you can do an inspection. By and large, we find that the precious metal is of the purest form in India.

Now, first the important thing is that there is no difference between normal gold rate and hallmarked gold rate. Nobody charges extra for giving you hallmarked gold rate. It is the same rate at which the normal gold is sold. The only difference is that you are ensured of purity when you buy normal gold.


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