What changes for gold and silver investors after the Budget hiked import duty on precious metals - Business News, Finance News, Share Market News - Market trendz

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Sunday 5 February 2023

What changes for gold and silver investors after the Budget hiked import duty on precious metals

Gold is highly taxed in India. Being the second largest imported commodity, the metal heavily increases our import bill. This causes a widening of our Current Account Deficit as well. To tackle the deficit, the government has increased the basic customs duty on gold over years to manage the flow of imports

from Commodities-Markets-Economic Times
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