Prospects of reduction in Import Duty for Gold!
Posted on: 07/Jul/2014 2:17:01 PM
The Bank of Merryl Lynch Brokerage Agency has indicated that there are possibilities of reduction in import duty of gold by 2%.
This step might be taken as a result of the shortage of gold to meet the increasing demand in the internal market. The Bank has also mentioned that the decision may either be immediate or delayed.
The bank also observed that the crude oil prices will stabilise at the rate of $ 100 per barrel. However, if the internal war Iraq intensifies and the extremists take control of Iraq, the price of crude oil may jump up to $ 140 per barrel.
