Why Did Gold Prices Jump ₹10,000 Overnight? Import Duty Hike Explained | Upstox

📌 The government has raised gold and silver import duty from 6% to 15%, pushing gold prices up by over ₹10,000 per 10 grams. The move aims to curb rising dollar outflows as India’s import bill surges amid high crude prices. Jewellery stocks like Kalyan Jewellers, Senco Gold, and Titan fell on concerns of weaker demand, while higher smuggling risks have also emerged. 💜watching our videos? We love making them for you! Leave a comment and tell us what you would like to see next👇 👉📢 Follow Upstox News 🔔 : https://www.instagram.com/upstox.news/ 📹 Subscribe to Uplearn by Upstox https://www.youtube.com/@UplearnbyUpstox 📹Share & subscribe to our Hindi/English YouTube channel for daily updates 🔔 https://youtube.com/@UpstoxOfficial/Subscribe 📹Share & subscribe to our Tamil YouTube channel for daily updates 🔔 https://www.youtube.com/@UpstoxTamil 📹Share & subscribe to our Telegu YouTube channel for daily updates 🔔 https://www.youtube.com/@UpstoxTelugu 📹Share & subscribe to our Kannada YouTube channel for daily updates 🔔 https://www.youtube.com/@UpstoxKannada ----------------------------------------------------------------------------------------- About Upstox: 💑Trusted and loved by 1 crore+ Indians, Upstox brings everything you need for trading and investing on a single platform. Whether you’re looking to invest in Stocks, ETFs, Mutual Funds, SGBs, T-Bills, Bonds, IPOs or you’re looking to start trading in Equities, Options, Futures, Currencies and Commodities, Upstox has it all! 🙌Backed by Mr. Ratan Tata and Tiger Global - Upstox aims to help every Indian confidently UP their wealth. From our mobile app (which btw is India’s highest rated trading app on Playstore) you can learn, discover, analyse, invest and trade. 🤝Wish to join our family? Download our app now👇 iOS users https://apps.apple.com/in/app/upstox-new-stocks-ipo-mf/id1584953620 Android users: https://play.google.com/store/apps/details?id=in.upstox.app&hl=en_IN&gl=US And click here to open an Upstox Demat & Trading account with just a PAN, Aadhaar, eKYC: https://uptx.to/open-demat-account ----------------------------------------------------------------------------------------- 📖Want to UPskill? Register for our investing and trading workshops by industry experts for free: https://uptx.to/uplearn-yt-aug23 💬Got questions on your mind? Connect with like-minded traders, ask questions and discuss any doubts - our subject matter experts will resolve them in no time. Join the Upstox Community for free: https://uptx.to/community-yt-aug23 💸Want to know how much you’ll earn from your investments? Calculate returns, brokerage charges, margin and more https://upstox.com/calculator/ 💜Show us some love on Social Media and get regular updates on the market: 1) Subscribe to our Telegram community here: https://uptx.to/Telegram-Oct-Community 2) Follow us on Instagram here: https://uptx.to/Instagram-Oct 3) Follow us on Twitter here: https://uptx.to/Twitter-Oct 4) Follow us on LinkedIn here: https://uptx.to/LinkedIn-Oct #goldimportduty #goldpriceindia #goldduty #jewellerystock #kalyanjewellers #titan #sencogold #goldpricehike #indianstockmarket #stockmarketindia #goldtax #currentaccount #stockmarkethindi #midmarkets