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Indian jewelers brace for 10% sales dip as gold tariffs nearly triple
Tax bump follows Modi's urging to avoid gold, cut fuel use, promote EVs and work from home
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middleeasteye.net
Narenda Modi tells Indians to stop buying gold, work from home, as Iran war dents economy
The prime minister's comments show how India's foreign exchange reserves are coming under pressure as a result of higher energy prices
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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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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.
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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…
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The 2013 ghost returns: Will higher gold duties actually restrict imports or just fuel the grey market?
Indias shock hike in gold and silver import duty to 15% has revived memories of the 2013 crisis. While the move aims to curb dollar outflows and stabilise the rupee, experts warn…
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Gold import duty hike triggers buying rush and volume concerns, says Senco Gold MD
India's gold jewellery market is adjusting to a new reality. An import duty hike is causing consumers to rush purchases. Industry experts predict a drop in sales volumes.…
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Jewellery stocks take Rs 60,000 crore hit in 3 days on govt's double-blow. Is the worst behind?
Jewellery stocks have plunged up to 20% in three sessions, erasing nearly Rs 60,000 crore in investor wealth after PM Narendra Modi urged households to defer gold purchases and…
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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…
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asia.nikkei.com
Indian jewelers brace for 10% sales dip as gold tariffs nearly triple
Tax bump follows Modi's urging to avoid gold, cut fuel use, promote EVs and work from home
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Explainer: Why India's higher tariffs are unlikely to dent gold, silver demand
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…
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Duty hike may bring out more old gold into market
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…
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thehindubusinessline.com
Precious saving
Increasing import duties on gold, the right step
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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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Indriya bets on gold exchange programme as PM Modi urges Indians to skip new gold purchases
Modi, addressing a public rally in Hyderabad earlier this week, called on citizens to conserve foreign exchange amid disruptions stemming from the West Asia conflict
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India’s gold import duty hike: A double-edged sword
India has raised gold import duty to 15% and urged citizens to buy less gold. This move targets foreign reserves and the rupee's value. However, India's strong cultural demand for…