Research and advice are very crucial when it comes to stock market trading. Checkmate Trades is a Gurgaon-based research and advisory company for investments and trading consultation. The company provides financial tips for various Indian trading indexes like NSE, BSE, MCX, and NCDEX.
In an exclusive interaction with SupportBiz, Hardeep Yadav, Director, Checkmate Trades, shared his views on the presently fluctuating Indian bullion market. He emphasized the impact of fluctuation of gold prices on Indian businesses.
How will the present fluctuation in gold prices affect the overall economy?
For the Indian economy it is good – India imported almost USD20 billion worth of gold in the last fiscal year. The government saw this investment as non-productive, which does not help in the economy’s growth. The government imposed import tax to curb the import bill. So, overall, this is good for the Indian economy in the long run.
Read more: www.checkmatetrades.com