In 2006-07, a 1 percent withholding tax was imposed on commercial imports of gold in the country. Photo: Express News
Gold prices increase in both international and local markets.
In the international bullion market, the price of gold rises by $21 per ounce, reaching $4,016.
In the local market, the price of gold per tola increases by Rs 2,100 to reach Rs 422,700.
Similarly, the price per 10 grams rises by Rs 1,800, closing at Rs 362,397.
The upward trend reflects ongoing fluctuations in global demand and market conditions.
Read: Gold prices hit record high, cross Rs425,000 mark
Earlier, Spot gold fell nearly 2% to $3,959.48 per ounce by 01:53 p.m. ET (17:53 GMT). U.S. gold futures for December delivery fell 2.4% to settle at $3,972.6.
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