The world’s second-largest gold consumer has just hiked tariffs on imports of the metal. Here’s why the market may not flinch
India, the world's second-largest gold consumer, has raised tariffs on gold and silver to 15% from 6% in a bid to curb imports and ease pressure on its foreign exchange reserves, as the Iran war strains New Delhi's balance of payments. India meets nearly all of its domestic gold demand through imports and has repeatedly sought to curb consumption. Gold…
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