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Rising duties may cut India’s gold imports sharply: Mohammed Imran
India's bullion market faces a significant reset as the government hikes import duties on gold and jewellery. Analysts predict this will cool demand, reduce imports, and push domestic gold prices higher, potentially impacting jewellery and ETF investments. Meanwhile, silver is poised to benefit from global supply deficits and disruptions.
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hindustantimes.com
Centre raises gold, silver import duties to 15% amid West Asia turmoil
Import duties on gold and silver has been increased from 6% to 15%, while the import duty on platinum has been increased from 6.4% to 15.4%. | Business News
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theprint.in
Centre more than doubles tariffs on gold, silver to defend rupee
The hikes, aiming to dampen demand in the world’s second-largest bullion market, follow a rare weekend appeal from PM Modi. Gold is the country’s largest import item after crude…
