Tax bump follows Modi's urging to avoid gold, cut fuel use, promote EVs and work from home

The prime minister's comments show how India's foreign exchange reserves are coming under pressure as a result of higher energy prices

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

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'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.…

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…

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…

Increasing import duties on gold, the right step