India's Gold Import Duty Hike: A Move to Stabilize the Economy
Published on: May 13, 2026, 5:14 p.m. | Source: Devdiscourse
India has increased its gold import duty from 6% to 15% to curb non-essential imports and conserve foreign exchange for crucial imports. The move aims to address the nation's import bill concerns amid ongoing geopolitical tensions. Despite affecting gold prices domestically, global price pressures persist.
