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 oil.

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…

Increasing import duties on gold, the right step