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India discounts soar to record high on import duty hike; China premiums firm
India's gold discounts hit record highs following a tariff hike, while Chinese premiums remain steady amid strong investment demand.
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cnbc.com
India hikes bullion import duties as the world's second-largest gold market faces a declining rupee
The government has imposed a 10% basic customs duty and a 5% tax on gold and silver imports, as per notifications issued on Wednesday.
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economictimes.indiatimes.com
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…
