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INDIA: Government hikes import duty on gold, silver, platinum from 10% to 12.5%

  • Date: 05-07-19
  • Category: INDIA
  • Source: The Hindu

The government on Friday proposed to increase import duty on precious metals, including gold, silver and platinum, a move which will make them expensive in the domestic market. Finance Minister Nirmala Sitharaman said in her Budget speech that “it is proposed to increase custom duty on gold and other precious metals from 10% to 12.5%.”

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