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Gold custom duties hiked: Gold duty hike may raise domestic prices, divert supplies to grey markets: SBI report
Gold is expected to become costlier after the government's recent move to raise import duty to 15%. Alongside, the impact is likely to show up in domestic prices as well as trade patterns, a report by SBI Research has predicted.
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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…
