Gold is booming, but EGRs aren’t: Why electronic gold receipts are struggling to attract investors despite market buzz

GST Council reported movement of 3%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

This is a Tax / tariff / duty event. Duty and incentive changes reset landed cost and competitive position immediately, and unlike demand shifts they arrive on a known date.

Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.