Gold prices in India were marginally higher today but sharply off their record highs hit on Friday. On MCX, August gold futures were trading marginally higher at 34,608. On Friday, gold futures hit a record high of 35,100, before paring some gains. In Budget 2019, which was presented on Friday, Finance Minister Nirmala Sitharaman increased import duty on gold to 12.5%, from 10%, leading to a spike in domestic gold prices. But record high gold prices could not be sustained amid weak global prices and sluggish demand at higher levels. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961Gold prices in India were marginally higher today but sharply off their record highs hit on Friday. On MCX, August gold futures were trading marginally higher at 34,608. On Friday, gold futures hit a record high of 35,100, before paring some gains. In Budget 2019, which was presented on Friday, Finance Minister Nirmala Sitharaman increased import duty on gold to 12.5%, from 10%, leading to a spike in domestic gold prices. But record high gold prices could not be sustained amid weak global prices and sluggish demand at higher levels. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961
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