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THEHINDUBUSINESSLINE.COM · GLOBAL ·

Gold imports drop 70% to 30 tonnes after duty hike: Official

As reported by thehindubusinessline.com
India's gold imports have reduced about 70 per cent to 25-30 tonnes after customs duty on the yellow metal was more than doubled to 15 per cent, an official sai...
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India's gold imports have significantly dropped by approximately 70% to 25-30 tonnes. This sharp reduction follows the government's decision to more than double the customs duty on the yellow metal to 15%. The move has drastically impacted the volume of gold entering the country.

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