Gold rises to $4,734 and silver rallies after US inflation
NewsBytes | May 14, 2026 2:39 AM CST
India hikes gold and silver tariffs
India raised import tariffs on gold and silver from 6% to 15% to protect its foreign exchange reserves, which pushed domestic prices way up.
MCX gold futures jumped ₹11,055 per 10gm to ₹164,497; silver soared ₹25,000 per kilogram to ₹304,177, the highest in over three months.
Analysts say this could make people switch from buying imported gold to investing in gold ETFs since imported metals are now pricier.
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