E-Paper | May 11, 2026

India has no plans to raise gold, silver import duties, govt source says

Published May 11, 2026 Updated May 11, 2026 02:01pm
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ndia has no plans to raise duties on gold and silver imports, a government source said on Monday, a day after Prime Minister Narendra Modi urged people to avoid buying gold for a year due to the impact of the Iran war, Reuters reports.

India is the world’s second-largest consumer of gold and the largest consumer of silver.

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