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Reuters reported that India has almost doubled its gold import duty while also raising taxes on silver.
Reuters reported that India has almost doubled its gold import duty while also raising taxes on silver.
As quoted in the market news:
India changed the import duty on gold to 2 percent of value from the earlier flat 300 rupees per 10 grams and that of silver to 6 percent of value from 1,500 rupees per kilogram, the government said in a statement.