India Hikes Gold, Silver Import Duty to 15%
India raises gold and silver import duty from 6% to 15% to curb imports and protect forex reserves amid global uncertainty. Experts warn of smuggling risks and demand impact.
Category : Business
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India hikes gold, silver import duty to 15% to curb imports
The Indian government has increased the import duty on gold and silver from 12.5% to 15% to discourage non-essential imports and support the current account deficit.
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Gold and silver prices are in focus as India raises import duty from 6% to 15%. The move aims to curb imports, support the depreciating rupee, and reduce trade deficit. Track live updates and expert views.
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India Hikes Gold, Silver Import Tariffs to 15%
India raised import tariffs on gold and silver to 15% from 6% to curb imports, protect forex reserves, and support the rupee amid economic pressures.
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