Should you start buying now? Gold price in the last one week has crashed over ₹2000 per 10 gm at the Multi Commodity Exchange (MCX). The bullion experts went on to add that gold price will soon rebound and go up to ₹48,500 per 10 gm in one month after the trend reversal. …

Most small agents will charge you around Rs. 4000-5000 for a small consignment clearing service,which is only thier agency charges as for all the actual charges that have to be paid to the customs department will be in excess of about 5000 onwards.

Customs Duty and the Red Channel

1. Fill the declaration form on board.
2. Give the form to the custom official at the gate before leaving the terminal.
3. Make sure that you fill the declaration of your baggage accurately.
4. Declare that you do not have value of foreign currency notes in excess of US $ 5000 or equivalent.

Gold jewellery is subject to a 3% tax on the value of the metal and a 5% making fee under the GST. Labor charges, in the form of making charges, can also be included by the sellers. As a result, you’ll have to haggle with jewellers to get the price down.

The World Bank forecasts prices to average 4% lower in 2021 and decline further in 2022.

Even though the price of gold is at an all-time high, many people think that the market will maintain its bullishness and that the price of gold will only go up from here. Some industry experts are predicting that gold could be worth anywhere from $3,000–$5,000 per ounce in the next 5–10 years!

Summary: What Is The Future Of The Gold