• There will be short term impact on Gold imports. May be for 3-4 months. As soon as the Weddings and Festival season starts, we will see increase in Gold imports as well as prices of Gold. I feel the price of Gold per 10 gm will touch close to 19k or even 20k within next 7-8 months. Answered by Narendra Borse , National Sales Manager - Key Accounts at Walter | 03, Mar 2010 12:06 AM

• No. gold imports will continue to thrive in view of craze for gold by even poor people who will become poorer thanks to Congress/Pranabji. Unless people have control on actions by parties/politicians these things will happen unabated.
  Jaya Prakash s Answered by JAYA PRAKASH Srinivasa Murthy , Assistant General Manager at Bharat Earth Movers Ltd | 28, Feb 2010 07:07 PM

• NO CERTAINLY NOT .AN INCREASE OF 2 OR 3 HUNDRED ON EVERY 10 Gms. hardly makes any difference .IRONY IS HIGHER PRICES OF ESSENTIAL COMMODITIES ARE NOT A MATTER OF HOT DISCUSSION .A MATTER OF DISGUST. Answered by chandra pathak , secretary at upmsra | 28, Feb 2010 02:14 PM

• No . It will not impact. Answered by Rajkumar Rai , general manager at interconti projects pvt.ltd | 28, Feb 2010 02:12 PM

• no it will not affect the gold imports
  although there will be ups and in starting but it will work smoothly Answered by HARSH VARDHAN , MARKET MANAGER at ABB Ltd | 27, Feb 2010 09:57 PM

• No Answered by Subbiah krishnan , Consultant at Tea World India | 27, Feb 2010 08:49 AM

• Absolutely Not. Rs 10/- per Gram translates to just above 0.5% at current price. With the rise of over 30% in last couple of years and with daily fluctuation in Gold price of between Rs 30-100 per 10 grams this will be easily absorbed by those investing in Gold or those buying for traditional reasons like marraige, dowry etc. Answered by Anant Maruti Gaitonde , Chief Financial Officer - South East Asia at Pacific Group of Companies | 27, Feb 2010 08:01 AM

• Rohan, There may be initial slow down of imports from retail sector,but as long as ours & International policies depend on Gold standards for currency valuations and dependance on US dollar,gold will be the undisputed sort after thing even for countries and when it goes on climbing then Indian public may change their love towards this and try to have a lifestyle that is more practical and essential, till that day gold will rule the world. Answered by Radha Venkatesh , consultant at nil | 26, Feb 2010 11:18 PM

• Definitely the gold becoming costlier by Rs 10,000 per kg, physical demand will be affected and imports will come down. What the FM has tried to do is boost the use of internal supplies to refine. While this will give an impetus to Indian gold companies into mining and gold manufacturing activities, others who import gold will take a hit becuase of increased prices." Answered by Sunil Singh , Executive Treasury at Axis Bank Limited | 26, Feb 2010 09:40 PM

• There may be disinclination towards Gold for some time but in the long run, wives are going to get their husband's pocket - whether it as costly or not. I wish, till that time our economy gets on the productive lane as gambled by the FM. Answered by Syed Fateh Alam , Chairman & MD at Unosys Technologies Pvt. Ltd. | 26, Feb 2010 08:34 PM

• I think no negative impact on this. Because people who are able to buy gold can afford for this increase also since gold is a richmans option this small increase will not have any effect so vice versa with imports. Answered by KOPPARAPU RADHAKRISHNA MURTHY , SENIOR COMMERCIAL OFFICER at SHV Gas | 26, Feb 2010 07:42 PM

• We Indians have the capacity to withstand any impacts.. we are tuned to any weather conditions.. and can live by it accordingly..
  Gold is next to God..so it speaks for itself... Answered by Vijaya Shankar , CEO at Blue Dust International | 26, Feb 2010 05:54 PM

• Thats want FM intend to, so that more money & saving is available for infra, power etc which is top priorty as of date, as gold seems to be unproductive assets. However, looking to the tradition & faith of indian in yellow metal, no tax or incentive can make gold less dear to Indian and in fact, this is been proved right over years. Answered by Manohar Maheshwari , General Manager- Commercial and Company Secretary at Meghmani Dyes and Intermediates Limited | 26, Feb 2010 05:20 PM

• There is reason to believe that this would have any negative impact. We are the largest consumers of this commodity. This is not seen as an investment by most Indians, though this is the reason often used for justifying purchase of gold.
  
  Then there is the export of Gold Jewelry. The trade will be able to absorb this hike in price. Answered by Anil Kohli , Owner at I-Ore Trading | 26, Feb 2010 05:08 PM

• Obsolutely NO. It is because of our tradition. Answered by Rupali Dhruvkumar Kshirsagar Kshirsagar , Officer Account at Seco Tools Private Limited | 26, Feb 2010 04:08 PM

• Rohan, there will be no negative impact on gold imports considering the socio-economic structure of India. In our country, people love to hold gold even if they could not meet thier necessities. The trend is changing but in a very slow space. In fact it will increase revenue of the government and also it will think twice to increase its gold reserve through imports Answered by Sanjeeta Sarkar , manager at nuclear power corporation of india lomited | 26, Feb 2010 03:53 PM

• Absolutely no, b, coz the trend has been changing, economy is totaly out of control, any prediction have no values, let finance minister to come out with the proposal then ask for comments. otherwise everything is positive unless the impact effect negative Answered by Ramsey Lamington , Manager Marketing & Operations at Jeena & Co | 26, Feb 2010 03:22 PM

• Yes.. negative impact if the investment climate is very good post budget and investors get higher guaranteed returns in non- gold invetments. No one will hedge their funds in gold investments.
  
  NO...... Positive impact if the investment climate is bad post budget and investors get poor and low guaranteed returns in non - gold investments. Gold buying will flourish!! Answered by Narasimhan Brig Retd S L | 26, Feb 2010 03:19 PM

• yeah, can be to the buyer s who r buying for investments, but the people who has to buy for their social necessary, they have to buy so I think this -ve impact wl be wl be limited up to invester buyers only. Answered by Ketan Umrania , Director at alpha controls | 26, Feb 2010 03:14 PM