Goldhub blog

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Mukesh Kumar
Market Intelligence Group
World Gold Council

The impact of Tax Collected at Source (TCS) on the Indian gold market

To widen the tax revenue the Finance Minister, Nirmala Sitharaman, announced during the annual budget of 2020-21 an extension to the scope of Tax Collected at Source (TCS). This blog discusses the impact of TCS on bullion dealers and the resultant impact on other participants in the gold supply chain.

Isabelle Strauss-Kahn
Former Lead Financial Officer
The World Bank

Understanding the gold lending market

The Guidance Paper on Gold Deposit Rates, recently released by the World Gold Council provides all the clues to understanding and grasping the functioning of the market and the different factors which drive the gold lease rates.
Mukesh Kumar
Market Intelligence Group
World Gold Council

India’s gold market in August: Indian imports hit nine-month high but retail demand remained weak

Demand for safe haven assets and strong year-to-date performance, coupled with the price correction likely seen by investors as a buying opportunity, supported gold ETF flows. On the other hand, retail gold demand weakened as consumers waited on the sidelines following a sharp correction in the domestic gold price amid rising COVID-19 cases.