Market Talk – January 10, 2025
ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 414.69 points or -1.05% to 39,190.40 • Shanghai decreased 42.87 points or -1.33% to 3,168.52 [...]
India Fails to Lower Tax on Gold
India surprised everyone. They did not remove the tax on gold and in fact increased it. India is the number-one consumer of gold jewelry. Sales have declined recently because many expected the tax to be lifted. A near 10% tax on gold has been rather high. Nevertheless, the government sees this as a capital outflow.
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