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Gold shines despite duty hike, silver imports tumble 66% in July
Gold imports rose slightly in July, while silver imports significantly declined. This trend followed a sharp increase in the customs duty on precious metals. Switzerland remained the primary source for India's gold imports during this period. Cumulatively, gold imports grew substantially, but silver imports saw a decrease. These import figures impact India's overall current account deficit.
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theprint.in
India gold duty changed 8 times in 14 years. What this did to smuggling
India’s fluctuating policy regarding gold imports has oscillated between rates of 2 percent, 10 percent, 6 percent, and 15 percent, with each adjustment announced with confidence…
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economictimes.indiatimes.com
Gold shines despite duty hike, silver imports tumble 66% in July
Gold imports rose slightly in July, while silver imports significantly declined. This trend followed a sharp increase in the customs duty on precious metals. Switzerland remained…