Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

How will Gold Prices in chennai,India be affected by Union budget of India?

I am in Chennai,India.I want to buy gold(Jewelery/Bars),But I would like to know past trend in budgets,whether it will increase or decrease Pre/Post budget,how will bullion rates change based on world economics in short term now?

I had asked this query on Yahoo Answers,but answers were non-Indian Budget oriented,so I am posting this query again to restrict Anmswers to Union budget of India & gold prices.

1 Answer

Relevance
  • 1 decade ago
    Favorite Answer

    In this Budget, it has been announced that Import Gold, Dity has been increased to 300 Rs/10 gm..

    So gold will cost more.

    Union Finance Minister of India Sh. Pranab Mukhurjee presented his Budget in the House on 26th February 2010.

    Highlights of Union Budget 2010 2011

    http://bit.ly/9FDsfo

Still have questions? Get your answers by asking now.