Gold custom duties hiked: Gold duty hike may raise domestic prices, divert supplies to grey markets: SBI report
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Gold import duty has been raised to 15%, a move expected to increase domestic prices and alter trade patterns. SBI Research reports that past duty hikes have widened the gap between international and domestic prices, potentially diverting supply to informal channels. Import values have risen while volumes have fallen, indicating price-driven import growth. What's Your Reaction?
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