India Raises 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.

Click here to read the full Reuters report.