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India Raises Gold, Silver Import Duty to 15%
India's government has significantly increased the import duty on gold and silver from 6% to 15%. This move aims to curb demand and is being analyzed for its potential impact on smuggling and overall market dynamics.
14 May, 06:30 — 14 May, 17:49
The Story
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Source Diversity
Source Diversity
Moderate (27/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
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Left1
Left (1)
ndtv
Center
Right1
Right (1)
Times of India
Far R
Geographic diversity— 1 region4/34
India2
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ℹOnly 2 sources cover this story
Sources
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Times of IndiaMostly Factual13d ago
Why gold, silver duty hike to 15% is unlikely to hit demand for precious metals
The move to up the gold import duty comes days after PM Narendra Modi appeals to citizens to avoid unnecessary gold purchases for a year. But is a hike in duties an effective way to curb consumption? We take a look:
By TOI BUSINESS DESK
Read full article →ndtvMostly Factual13d ago
Why India Is Tightening Gold And Silver Imports As Middle East Crisis Deepens
Government data shows that India's dependence on imported gold and silver has been rising steadily over the years, adding to trade deficit and forex depletion concerns.
Read full article →Coverage Timeline
First report: Times of India · 14 May, 06:30|Full coverage: 2 · 11h|Window: 11h
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