No plan to hike gold import duty despite Modi's appeal to skip buying, says government official
- Posted on May 11, 2026
- By Business News Today
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- 1 min read
No plan to hike gold import duty despite Modi's appeal to skip buying, says government official
India denies plans to raise gold and silver import duties. Prime Minister Modi urged citizens to avoid gold purchases amid economic pressures. The government official confirmed no duty hikes are planned. Gold and silver imports saw significant increases last fiscal year. Industry experts suggest potential smuggling if duties rise. The jewellery sector is adapting to maintain affordability.
