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How will reforms announced in Budget 2021 impact gold markets? Experts discuss

Updated : February 12, 2021 06:51:07 IST

Gold and silver prices are expected to become cheaper ahead of the wedding season after finance minister Nirmala Sitharaman announced a cut in import duty to 10.75 percent.

The Union Budget brought with it a whole host of other changes as well for the bullion markets. The Securities Exchange Board of India (SEBI) will now be the regulator for gold exchange. The move, which may take a year to implement, is expected to put India in a position to set its own gold prices.

The ministry of finance also revamped the gold monetisation scheme in a bid to revitalise the markets.

To understand how these measures will affect the bullion market and will they have their intended impact, CNBC-TV18’s Manisha Gupta spoke Chirag Sheth, Senior Research Consultant at Metals Focus and PR Somasundaram, MD-India at World Gold Council.

Also watch Ajeet Khurana, founder of Genezis Network, share his views on the cryptocurrency bill and what should investors do with their crypto holdings.

Watch video for more.
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