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Tuesday Feb 07, 2023

Union Budget 2023 | What is cheap, what is expensive? Finance Minister’s announcement on gold, silver, electric car, TV, mobile…


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Delhi: The budget session has started and today Finance Minister Nirmala Sitharaman presented the budget for the financial year 2023-24 (Union Budget 2023). In view of the global recession, many companies have started laying off as a precautionary measure. Meanwhile, Finance Minister Sitharaman has increased and reduced tax on goods. Let us know what will be cheap and expensive…

What happened expensive…

  • A country kitchen chimney is expensive.
  • Gold, silver, platinum coming from abroad is expensive.
  • Cigarettes are expensive. Emergency tax on cigarettes has now been increased by 16 percent.

What happened cheap…

  • Some mobile phones, camera lenses have become cheaper.
  • Electric vehicles have become cheaper.
  • Things related to LED TV, biogas have become cheaper.
  • Toys, cycles, vehicles will become cheaper.

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Customs duty rate 13%

Basic customs duty rates on non-agriculture and textile items have been reduced from 21% to 13%. Minor changes have been made in basic customs duty, cess and surcharge on certain items including toys, cycles, vehicles. Custom duty on cigarettes has been increased.



Gold-Silver Rate | Good news! Gold and silver prices fall, know the price of 10 grams of gold


Good news Gold and silver prices fall, know the price of 10 grams of gold

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New Delhi: In the bullion market of the national capital (Delhi), the gold rate fell by Rs 105 to Rs 56,082 per 10 grams on Thursday. HDFC Securities gave this information. In the last trading session, gold had closed at Rs 56,187 per 10 grams. Silver also declined by Rs 572 to close at Rs 68,754 per kg.

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An analyst at HDFC Securities said, “Spot gold traded at Rs 56,082 per 10 grams in the Delhi market. This shows a fall of Rs 105 per 10 grams. In the overseas market, gold was trading flat at $1,883 an ounce. While silver declined to $ 23.67 an ounce.

Navneet Damani, Senior Vice President, Commodities Research, Motilal Oswal Financial Services said, “Gold prices were flat in early Asian trading hours as traders awaited US inflation data. Inflation data will determine the further stance of the US central bank. (agency)



Gold – Silver Price Hike | big news! Gold up by Rs 89, silver up by Rs 677


big news Gold up by Rs 89, silver up by Rs 677

New Delhi: Gold prices on Wednesday rose by Rs 89 to Rs 56,126 per 10 grams in the national capital’s bullion market amid gains in the prices of the precious metal in global markets. HDFC Securities gave this information. In the last trading session, gold had closed at Rs 56,037 per 10 grams.

The price of silver also increased by Rs 677 to Rs 69,218 per kg. An analyst at HDFC Securities said, “Spot gold traded at Rs 56,126 per 10 grams in the Delhi market. The rise in gold in the domestic market was capped by a stronger rupee.

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In the foreign markets, gold was trading at $ 1,882.2 an ounce. Silver was trading with gains at $23.88 an ounce. Gold prices on Comex were higher in Asian trading hours on Wednesday due to a weakening dollar and concerns over interest rates by Federal Reserve Chairman Jerome Powell at the central bank’s conference in Sweden on Tuesday, analyst said. Didn’t have to clean.

Navneet Damani, Senior Vice President, Commodity Research, Motilal Oswal Financial Services, said, “After last week’s weaker than expected employment data, all eyes will now be on the US Consumer Price Index (CPI) data due on Thursday.” (agency)



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