Interpreted Prediction
Predicted a drop in the prices of gold and silver due to reduced customs duty announced in Budget 2024.
AI Evaluation Notes
India's Budget 2024 reduced customs duty on gold and silver from 15% to 6%. Following the budget announcement, gold prices significantly dropped by more than 8%, from approximately Rs. 74080 to Rs. 68388 per 10 gram, and silver prices also experienced a dip. This confirms the prediction of a drop in prices for both commodities.
Prediction Details
Topic
Target
Drop in prices of gold and silver
Predicted
date
Short term, post-Budget 2024