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Govt Hikes Gold & Silver Import Duty To 15% | Modesty Push Or Economic Warning?

Govt Hikes Gold & Silver Import Duty To 15% | Modesty Push Or Economic Warning?

| May 13, 2026, 09:26:29 AM | TOI.in

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The government has raised import duties on gold and silver to 15% from 6% to curb imports and protect India’s forex reserves amid rising global uncertainty and West Asia tensions. The move follows PM Modi’s austerity appeal, but industry experts fear it could revive gold smuggling and impact jewellery demand.

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