In a Pre-Budget Quote, Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL) expressed that the expectations of the trade.
Given the proximity of the national elections this year, we expect that the 2024 budget will be populist and people-friendly. The emphasis will continue on improving infrastructure, Make in India, electric vehicles, and power generation.
We anticipate and hope that the government would reduce duties on gold imports, rationalize pricing, and therefore contribute to the creation of a level playing field between the regular and grey markets.