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  Gold, silver imports to get costlier as govt hikes customs duty to 15%

  Business | May 13, 2026 6:58 IST

  Prime Minister Narendra Modi has urged citizens to avoid purchasing gold for the one year in an effort to help conserve the country's foreign exchange reserves. India meets nearly its entire domestic gold demand through imports.

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  Government assessed smuggling dimension while raising import duty on gold: Subhash Chandra Garg

  India | July 07, 2019 13:05 IST

  The decision to raise import duty on gold in the Union Budget was taken after a careful consideration, including its likely impact on smuggling of the yellow metal, a top government official said.

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  Hike in gold import duty to force businesses to shift to neighbouring countries: GJEPC

  India | July 06, 2019 16:30 IST

  The gems and jewellery exporters on Saturday expressed disappointment over a significant increase in the import duty on gold and other precious metals saying the move would result in shifting of businesses to neighboring countries.

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  Budget 2019: Gold industry balks at hike in import duty

  Budget | July 06, 2019 0:01 IST

  The gold industry on Friday unanimously slammed the steep hike in import duty of gold and precious metals from 10 per cent to 12.5 per cent, saying it will backfire and hit the Indian retail market.

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  Import duty on gold, platinum hiked from 6 pc to 8 pc

  June 05, 2013 23:26 IST

  New Delhi, Jun 5 : With spiralling gold imports putting huge pressure on the current account deficit, government tonight hiked the import duty on the metal to 8 per cent, up by 2 per cent,

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  Strike By Jewellers, Cong Asks Govt To Look Into Their Demands

  April 06, 2012 13:25 IST

  New Delhi, Apr 6: Amid widespread protests by jewellers against an increase in import duty on gold and excise duty on unbranded jewellery, Congress today asked the government to consider their demands sympathetically. “Congress has