@WeekendInvestng No wonder if it's a planned act by both the jewellers and the govt. - former to accumulate cheap and latter to suppress the inr fall. In this case, it's win win for both.
@WeekendInvestng News about a possible customs-duty reduction on precious metals was deliberately created to make people postpone buying gold, expecting that they would be able to purchase it more cheaply once the duty is reduced. However, such a reduction is unlikely to happen anytime soon.
@microcp2mltibgr Why would govt listen to anyone once the decision has been made? And the decision has bee made made quite recently, I don't think it would be good to revert the decision within 2 months after it has been enforced.
@microcp2mltibgr I feel this is a planned leak. As ppl are not stopping to buy gold and silver, they have created a rumor and leaked it on purpose. Now anyone planning to enter precious metals will keep waiting to hear the news that would never arrive.
@microcp2mltibgr Middle East? China? Singapore?
As long as the ppl have an urge to improve themselves and develop the society they live in, the climate may just be a supporting factor.
@microcp2mltibgr Very well said. Even after discounting the current state, the sad part is not even having a clue of what could be the next trigger and when things could change.