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Gold imports jump 82 pc to USD 5.62 bn in April; silver by 157 pc
New Delhi, May 15 (PTI) India’s gold imports surged 81.69 per cent year-on-year to USD 5.62 billion in April, driven by high prices of the precious metal, though imports may decline in the coming months following the government’s sharp increase in customs duty on the yellow metal. According to the commerce ministry data, silver imports […]
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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…
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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.
