Finance Minister Nirmala Sitharaman's announcement to cut customs duties on gold and silver has resulted in a notable drop in prices, providing significant relief to consumers. In her Budget 2024 speech, she declared the reduction of the import duty on these precious metals from 15% to 6%, a move expected to stimulate market demand.

In her Interim Budget 2024, Sitharaman earmarked Rs 2,52,000 crore for Indian Railways for FY25.