Gold, silver slip despite weaker US dollar amid rising inflation
NewsBytes | May 14, 2026 11:39 AM CST
India duty hike cools gold demand
India's recent gold import duty hike has cooled off demand: gold discounts widened over $200 per ounce as fewer people bought at higher prices.
Many are switching to lighter, multifunctional jewelry that feels personal but also works as an investment.
There's also been a big jump (186% year over year) in gold ETF investments by the first quarter of 2026, showing more people are choosing financial products over buying physical gold.
Analysts say don't just chase the hype: gold is better seen as a safety net than a get-rich-quick asset.
Even PM Modi voiced concern about India's massive $70 billion annual gold import bill and what it means for the economy.
READ NEXT
-
Health Tips: How safe is dough kept in the fridge? How does it affect health?

-
Summer Cooling Tips: If you want to avoid the scorching heat, not AC-cooler, then follow the indigenous tips given by Sadhguru.

-
Anthropic Rolls Out New Legal AI Tools: Legal Research, Document Management, And Specialised Legal Support For Law Firms

-
Discover proven methods to recover iPhone data without backup. Learn how to restore lost photos, mes

-
Arsenal in ‘perfect state of mind’ ahead of season’s final games, says Arteta
