Gold prices fall by Rs 3,500/10 gm since custom duty cut in Union Budget

Gold prices in India plummeted to ₹67,400 per 10 grams, the lowest since March, due to a combination of reduced import duties and worries about Chinese demand. The government has slashed customs duties on gold and silver by 6%. The basic customs duty has been reduced to 5% from 10%, and the Agriculture Infrastructure and Development Cess lowered to 1% from 5%.