India's gold imports slide 57.75% in August after duty hike
India's gold imports dropped 57.75% in August to $2.3 billion after the government raised import duty to 15%. Silver imports jumped 127%.
Gold Market
Gold Market
India's gold imports dropped 57.75% in August to $2.3 billion after the government raised import duty to 15%. Silver imports jumped 127%.
MMTC PAMP argues India must make its Gold Monetisation Scheme more appealing to unlock household stocks, boost recycling, and cut import reliance.