Budget 2025: Will gold be expensive after the budget? The government can increase import duty on gold in the budget. If this happens, then the price of 10 grams of gold can come to the level of Rs 85,000 after the budget. Till one day before the budget, the price of gold is trading beyond Rs 83,000. If the government has increased import duty on February 1, then the price of gold can come to the level of Rs 85,000 in a week itself.
Import duty on gold will increase in budget – Gold will become rocket after February 1
Gold can be expensive after union budget 2025. This is being said because many commodity experts believe that the government can increase import duty on gold in the budget. This is because the government had reduced import duty in the last budget in July. Finance Minister Nirmala Sitharaman (Nirmala Sitharaman) had reduced the import duty on Gold Import duty on 23 July 2024 from 15 per cent to 6 per cent. Earlier, import duty was not cut so much. Its direct effect appeared on Gold Import. Gold import increased in the country. According to the report, by August 2024, the import of gold rose by 104 per cent.
Gold is on record high in domestic market
One day before the budget, till January 31, 10 grams of gold is being done around Rs 83,000. If in the meantime the government increases import duty in the budget, then gold can reach its record high. If this happens, gold can cross Rs 85,000 after the budget. Let us tell you here that the last time the gold had become cheaper by Rs 6,500 on reducing import duty. Earlier, the price of gold was trading around Rs 82,000. But within 10 days of decrease in import duty, gold came out of Rs 76,000. The price of gold has once reached a new record before the budget.
Should you invest in gold
Experts say that the portfolio of the investor should have at least 5-10 percent gold. If the gold stake in your portfolio is low then you can invest in gold. Gold can be expensive after the budget. Gold prices can reach around Rs 85,000.
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