Gold Import Duty Hike

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Import tax on gold hiked from 7.5% to 12.5% to curb shipments

India, the world’s second biggest consumer of gold, is currently staring at higher trade and current account deficits amid volatile global macroeconomic conditions.
Re weakness to continue unless RBI intervenes: Rajwade

Commenting on the gold import duty hike, he said it will do nothing to improve the demand-supply situation.

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Gold Import Duty Hike

Import tax on gold hiked from 7.5% to 12.5% to curb shipments

Re weakness to continue unless RBI intervenes: Rajwade