Why gold, silver duty hike to 15% is unlikely to hit demand for precious metals - explained

May 14, 2026 - 12:30
Why gold, silver duty hike to 15% is unlikely to hit demand for precious metals - explained

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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:

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