India Gold Market Update: Import Tightening
India has implemented a significant increase in gold import duties, raising them from 6% to 15%. This marks the steepest increase on record and is part of broader regulatory tightening measures. The changes are expected to impact the gold market and imports significantly.
- ▪Gold import duty was raised sharply by 9%, from 6% to 15%.
- ▪This is the steepest increase on record for gold import duties in India.
- ▪The regulatory tightening is part of broader measures affecting the gold market.
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