00:00It is a very major event, Renesha Ji, which is the budget of the country.
00:15The budget will come in February, and there are many reports and assumptions that are being put into the import beauty of gold and silver.
00:29What is the expectation of the commodity market in the budget?
00:35And if it happens, will the domestic prices fluctuate again?
00:40See, the current import duties in gold and silver are 6%.
00:46And we have to do 3% extra GST.
00:50So, the total duties of gold and silver in India are 9%.
00:55So, the expectation of the budget is that the import duties are 6% to 4%.
01:03Because the rate difference is already, if we are buying gold in India,
01:08it is getting more than 9% in the international market.
01:12So, the smuggling is increasing.
01:15In fact, last year, the import duties have been reduced to 12% to 6%.
01:21But there is also a place where there are more import duties.
01:25So, the market players are expecting that the 4% will impact a little smuggling.
01:30And if there are so many prices that have been increased,
01:32then there will be a little bit of relief that the prices will be reduced.
01:36So, yes, if the import duties are reduced by 2%,
01:39then you will also see that the 2% of the price can be sold.
01:43There will be a lot of difference.
01:45So, the current price is 2% of the price will be reduced to the gold and silver.
01:49Because today, the volatility is so much in the prices.
01:54We are seeing 5% in the silver and 2% in the gold.
02:00So, if the prices are reduced, there will not be a lot of impact.
02:05But, yes, overall, it will be good that the duties will be paid less.
02:09And we are at par with the international market.
02:12Yes, this is the last question.
02:14The other question is about the silver.
02:16Since we are talking about the import duties in the budget,
02:19there are also some expectations.
02:22The green energy or the manufacturing,
02:25the incentives and the incentives.
02:27So, we are talking about this,
02:28which will be announced in the budget,
02:30which will also impact the silver.
02:33If there is something like this,
02:35then we will see the fluctuations in the silver?
02:38Yes, the market expects that
02:40some of the things that will change.
02:44Because in solar energy,
02:45there is a lot of silver used.
02:47If you have installed 1 megawatt solar capacity,
02:51then there is almost 20 to 25 grams of silver used.
02:55And if you look at EV vehicles,
03:01there is also almost 50 grams of silver used in electronics.
03:07So, the usage of silver is gradually increasing.
03:10So, if there are changes in this,
03:12then there will be a little bit of momentum.
03:14But I am not seeing a lot of fluctuations.
03:17Because the market itself is so volatile now.
03:20We are seeing the momentum of 10 to 15,000 in the price.
03:23So, if there will be 2-3,000 in the price,
03:26then there will be a lot of difference.
03:28So, the point is that overall fundamentals are good.
03:32The more positive news will be overall positive,
03:35and prices will continue to rally.
03:38So, you can expect by this year-end
03:41Silver Shack of 4,000,000 level.
03:42Gold Shack of 2,000,000 level.
03:45So you will buy in the bind and dips.
03:50So, that's the strategy that you should use.
03:52Okay, so what we have done now, silver and gold are fundamentally bagged and the bubble is not creating a good price rise, so if you want to invest, then you can analyze your risk profile and with your financial advisor, you can see these two assets positively in the investment purpose.
04:16Thank you very much for joining us.
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