Increasing import duties on gold, the right step

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

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…

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…

India has increased import duties on gold and silver to 15 percent. This move aims to reduce imports and protect foreign exchange reserves. The government views precious metals as…

Industry executives said promoting sales of lower carat jewellery like 14K and 9K can reduce imports by 20-30%, and discouraging investments in gold bars and coins can reduce…

Increasing import duties on gold, the right step