If you invest in Bullion then this news is important for you.

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Buying gold will now become expensive for you. In fact, from today i.e. July 1, 2022, the government has

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Import duty on gold has been increased by 5 percent from today.

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That is, now importing gold will be 5 percent more expensive than before.

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Bullion Expert believes that due to this, the price of gold per 10 grams in the physical market is less.

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It may increase around 1000 rupees. That till now the import duty on gold was 7.5 percent.

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Which will now increase to 12.5 percent. Last year, the government had cut import duty in the budget.

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Earlier there was an import duty of 12.5 per cent on gold and silver, which was reduced to 7.5 per cent.

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After the increase in import duty, there may be some fall in the short term in the demand for gold.

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Traders avoid importing expensive gold, so demand may remain low in the physical market as well.

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Neither the festive nor the wedding season right now. Now the demand for gold is expected to rise from August itself.

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