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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
- 1 decade agoFavorite 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
Source(s): http://bit.ly/9FDsfo