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India’s gold hunger stays unshaken as higher duties fail to close the import floodgates
India's insatiable thirst for gold remains resilient even in the face of increased import duties. Prior to the tax increase, there was a notable spike in demand, which has since sustained momentum. This pattern implies that heightened taxation is failing to temper the nations gold obsession.
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3 prospettive sulla stessa storiaTimeline cronologica
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zerohedge.com
Hiren Chandaria: This is why India keeps buying gold
India's appetite for gold has survived taxes, restrictions, and reform.
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economictimes.indiatimes.com
Gold imports up 34 pc to $3.41 bn in May; silver shipments plunge over 86 pc
During May, India's gold imports skyrocketed by 34 percent, hitting USD 3.41 billion, as soaring gold prices fueled demand. In stark contrast, silver imports fell steeply by 86.65…
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India’s gold hunger stays unshaken as higher duties fail to close the import floodgates
India's insatiable thirst for gold remains resilient even in the face of increased import duties. Prior to the tax increase, there was a notable spike in demand, which has since…
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thehindubusinessline.com
Gold imports drop 70% to 30 tonnes after duty hike: Official
India's gold imports plummet 70% to 30 tonnes after duty hike, yet value rises 34% to $3.41 billion in May.
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Gold imports fall to 25-30 tonnes/month from 70-100 tonnes after duty hike: Govt source
Gold imports into India have dropped sharply. The government's decision to increase import duty is proving effective. Higher gold prices and reduced jewellery demand also…