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Government hikes import tax on edible oil up to 15 per cent

Bulk of India's palm oil imports come mostly from Indonesia and Malaysia, whereas soyoil is mostly imported from Argentina and Brazil.

 
 
Like any other investment gold attracts tax as it is considered a capital asset.
Gold demand would see a surge during this time as people across the country consider buying yellow metal to be auspicious, especially during Dhanteras.
Check out some exciting deals on gold in the market before you shell out your money on it.
The decline in prices has caused onion farmers to worry, as the produce from the kharif season will start to roll in bulk in the coming weeks.
 
 
In Mumbai, the prices fell by Rs 50 for 10 gram of 22-carat gold, and by Rs 55 to Rs 31,854 per 10 gram of 24-carat gold
Under the gold options contract, trading will be allowed in 1 kg of gold, thereby giving small investors the chance to participate.
If experts are to be believed, the white metal will outperform gold in the next one year.
Gold prices were last seen at this level in September 2016, when they touched the strongest level of $1,348 per troy ounce.
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