India is expected to cut gold import duty to 6% from a 10% in Thursday's budget, heralding a rise in imports in the second half, a senior official at the country's biggest gold trade group said. - AFP Photo.
SINGAPORE: Gold edged higher for a second straight session on Thursday, helped by a weaker dollar and as minutes of the Federal Reserve's recent policy meet gave no indication of an early hike in US interest rates.
Markets were also eyeing developments in the second biggest gold consumer, India, where the new government is expected to cut a record high import duty on gold at the budget to be presented today.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
