Gold imports fall to 25-30 tonnes/month from 70-100 tonnes after duty hike: Govt source
admin
0
0
Gold imports into India have dropped sharply. The government's decision to increase import duty is proving effective. Higher gold prices and reduced jewellery demand also contributed to this trend. Increased global gold recycling is another factor. Official gold inflows have also moderated. The government is not pursuing gold monetisation due to past challenges.
