NEW DELHI: Gold prices surged to a new all-time high of Rs 83,360 per 10 grams in futures trading on Saturday, driven by strong market demand, according to news agency PTI.
During early trading on the Multi Commodity Exchange, April delivery gold contracts achieved this unprecedented level. Similarly, the contract moderated to Rs 82,233 per 10 grams, showing an increase of Rs 1,127 or 1.35 per cent, with 16,273 lots of open interest.
The subsequent month’s contract also established a new record at Rs 82,210 per 10 grams.
Articles of Jewellery, goldsmiths’ and silversmiths’ ware to get cheaper. According to the Economic Times, jewellery sector stocks increased by up to 9% on the BSE following the government’s announcement in Union Budget 2025, to reduce jewellery tariff duties.
At approximately 2 pm, Senco Gold shares rose 4.9% to Rs 492.55, whilst RBZ Jewellers increased by 3.46% to Rs 190. Kalyan Jewellers advanced 2.7% to Rs 3,584.60, Titan shares grew by 2.7%, and Tribhovandas Bhimji Zaveri (TBZ) increased by 2.3%.
Sitharaman also introduced comprehensive modifications to the new income tax structure, revising slabs and rates for various categories of taxpayers including salaried individuals and the middle class. The biggest announcement was that people earning up to Rs 12 lakh income will not have to pay income tax!
