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Gold duty hike may hit volumes, spike recycling: jewellers
Kolkata, May 13 (PTI) Jewellers and industry leaders on Wednesday said the hike in import duty on gold and silver could impact jewellery volumes in the short term, though demand is expected to remain resilient due to the yellow metal’s enduring cultural and investment appeal in India. The Centre recently increased import duty on gold […]
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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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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.
