Welcome Back | Vector News: Sovereign Gold Policy Impacts Gold Trade After Budget Signals By : Vijesh Nair Date :03/02/2026 India New Delhi: Welcome back to Vector News . The Indian gold market witnessed noticeable turbulence yesterday following key budget-related signals and policy commentary linked to sovereign gold instruments and taxation , delivered during discussions around the Union Budget presented by Finance Minister Nirmala Sitharaman . Gold traders across major bullion hubs reported temporary slowdowns in spot transactions , as uncertainty gripped the market over the future role of Sovereign Gold Bonds (SGBs) , import duties, and long-term policy direction aimed at reducing physical gold dependency. What Triggered the Market Reaction? While the Union Budget did not announce an outright overhaul of gold taxation, emphasis on financialisation of gold , sovereign instruments, and capital mobilisation sent ripples through the bullion trade. The government’s continued push t...
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