India doubles import duty on gold & silver by Saqib Majeed / SOPA Images
India raised import tariffs on gold and silver in an attempt to defend its currency, as the country races to shore up foreign-exchange reserves and limit the damage from the war in the Middle East. The government more than doubled import taxes on gold and silver to about 15% from 6%, imposing a 10% basic customs duty alongside a 5% agriculture infrastructure and development levy.
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