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70% drop in gold demand: Import duty hike from 6% to 15% rattles buyers

NEW DELHI: Gold demand in India has slipped by nearly 70 per cent after the government doubled import duty on the precious metal earlier this month.

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timesofindia.indiatimes.comStai leggendo1 mesi fa

70% drop in gold demand: Import duty hike from 6% to 15% rattles buyers

NEW DELHI: Gold demand in India has slipped by nearly 70 per cent after the government doubled import duty on the precious metal earlier this month.

originale

economictimes.indiatimes.com1 mesi fa

Gold demand drops 70% after sharp duty hike in India

Demand fell to about 7.5 tonnes in the fortnight ended May 27 from around 25 tonnes a year earlier, according to industry estimates. The government increased the import duty on gold to 15% from 6% with effect from May…

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sabato 30 maggio 2026·economictimes.indiatimes.com
Gold demand drops 70% after sharp duty hike in India
Demand fell to about 7.5 tonnes in the fortnight ended May 27 from around 25 tonnes a year earlier, according to industry estimates. The government increased the import duty on…
sabato 30 maggio 2026·timesofindia.indiatimes.com
70% drop in gold demand: Import duty hike from 6% to 15% rattles buyers
NEW DELHI: Gold demand in India has slipped by nearly 70 per cent after the government doubled import duty on the precious metal earlier this month.