Big Impact on Investors & Markets..!?

The indian government has reduced the base import price of gold and silver. According to the new changes, the base import price of gold has been reduced by $11 per 10 grams to $927 per 10 grams. Similarly, the base import price of silver has been reduced by $18 per kg to $1,025 per kg. This change is seen as a major revision in India's import policy. The government changes these base import prices every two weeks based on the value of the indian rupee, the position of the US dollar, and global gold and silver price exchanges. The reduction in the import price of gold has significant implications for gold-importing businesses, jewelry sectors, and investors. India's gold imports in february are expected to fall by 15 metric tonnes. This will be the lowest for february in the last 20 years. india had imported 103 metric tonnes of gold in february 2024.
Over the last 10 years, India's average gold imports in february have been estimated at 76.5 metric tonnes. india, the world's second-largest gold importer, has a major impact on the international gold market through its trade policies. The government had raised the price of silver imports two weeks ago. In early february, the basic import price was raised to $42 per kg. But now it has been reduced to $18. Due to this, the selling price of silver in india is likely to fall. This change is made to ensure that people love jewelry, industrial production, investors, and market flow. india is the world's largest importer of silver, so India's import policy can greatly affect global silver prices. The price of gold and silver is determined by the global market situation, the US economy, inflation, central bank policies, political situations, investors, and market forces. The stance of the US Federal Reserve, the position of the US dollar, inflation, and interest rates directly affect the price of gold. As the value of the dollar decreases, investors are more interested in investing in gold. The global economic slowdown, loose policies of central banks, and inflation led to an increase in the price of gold. The resolution of the war between ukraine and russia and the economic relaxation in the US are encouraging investors to invest in gold. Since gold is seen as a safe investment, the market is growing. India's aggregate consumption and import policy directly affects the international market price. The total import price of gold (Landed Cost) is determined by the Base Import Price. The government's new import policies, taxation, and market dynamics have a direct impact on India's jewelry and investment market. On march 3, 2025, gold futures market prices have increased. The depreciation of the dollar and the tensions prevailing in the global market have prompted speculators to invest in gold.

On the Multi Commodity Exchange (MCX), gold contracts for april rose by Rs 478 to Rs 84,697 per 10 grams. In the global market, the price of gold has also increased to $2,863.46. New investments increase the demand for gold in the market, which increases its price. As investors update their positions, the price increase in the future market is confirmed. The change in gold and silver prices will have a major impact on investors, traders, jewelry makers, and the general public.

For investors, investing in gold will be a good option as the price of gold is likely to increase. For jewelry makers, the lower import price will reduce the cost of importing goods and create more opportunities for sales. For the general public, the change in price will directly impact wedding gifts and investment purchases. These changes will increase the impact of sales and investors on the market. In the coming months, India's import policy and the tension in the international market gold prices can be further increased.
For more interesting updates wa click and follow Indiaherald WhatsApp channel

Find out more:

gold price

Sowmiya Sriram

04/03/2025 10:23 AM