Global gold trade adds glitter to all that is gold.

2012 Probudget custom duty on gold doubled on 20 January. Pranabbabu proposed double whammy custom duty effectively quadrupled in budget presented before joint August house of people and prudent elders on 16 March also slapping excise cess effectively 0.39 percent on jewellery. With intervention of UPA chairperson Ms Sonia Gandhi FM seems ready to modify jewellery excise cess .Three hats to M/s India jewelers Inc`s unprecedented 20 days protest against the union budget proposal.