NEW DELHI: Days after PM Narendra Modi’s appeal to reduce gold purchases, the finance ministry on…
Tag: India gold imports
Gold gets costlier: Why govt raised import duty and what changes for buyers
NEW DELHI: The government on Wednesday raised import duties on gold and silver to 15% from…
PM Modi wants Indians to cut gold buying: How much forex can be saved?
When India imports goods (such as gold), it pays for it in dollars. The more a…
From buying less gold to cashing in old reserves: How bullion industry plans to cut India’s import bill
As rupee continues to breach multiple record lows, pressure on India’s balance of payments is growing.…
Why PM Modi wants Indians to avoid buying gold for a year
A day after Prime Minister Narendra Modi urged Indians to stop buying gold for a year…
Supply shortage of gold, silver? Banks stop import orders as metals stuck at customs, says report
More than five tonnes of gold remain held up at customs without clearance. (AI image) Banks…