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India Raises Gold, Silver Import Tariffs To 15% To Curb Overseas Purchases

India Raises Gold, Silver Import Tariffs To 15% To Curb Overseas Purchases

India has raised import tariffs on gold and silver to 15% from 6%, government orders said on Wednesday, as part of efforts to curb overseas purchases of the metals and ease pressure on the country's foreign exchange reserves. The higher duties could dampen demand in the world's second-largest consumer of precious metals, although they may help ...

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