Why India’s higher tariffs are unlikely to dent gold demand – kuwaitTimes
MUMBAI: India, the world's second-largest gold consumer, has raised tariffs on gold and silver to 15 percent from 6 percent 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…
Key Insights
- This topic is currently trending
- Experts are closely monitoring developments
- It may impact future decisions
