India hikes import duties on gold and silver to 15%
NewsBytes | May 16, 2026 11:39 PM CST
Biweekly reports for duty-free gold exporters
Exporters bringing in gold duty-free now have to file certified transaction reports every two weeks, which will be closely monitored by authorities.
Even though India's gold imports hit nearly $72 billion in 2025-26, with Switzerland, the UAE and South Africa among the top source countries, industry groups worry these tougher rules could push more trade into the gray market.
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