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India more than doubles bullion import taxes to 15% as trade deficit widens (XAUUSD:CUR:Commodity)

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India more than doubles bullion import taxes to 15% as trade deficit widens (XAUUSD:CUR:Commodity)
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May 13, 2026, 2:37 AM ETGold Spot Price (XAUUSD:CUR), INDA, EPI, IFN, INDY, SMIN, IMVP, GLIN, FLIN, INCO, NFTY, GLD, SLV, XAGUSD:CURBy: Arundhati Sarkar, SA News Editor

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India, the world’s second-largest gold consumer, has increased import duties on gold and silver to 15% from 6%, shortly after Prime Minister Narendra Modi urged citizens to reduce bullion purchases for a year amid pressure on the rupee from



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Tags: bulliondeficitdoublesImportIndiaTaxestradewidensXAUUSDCURCommodity
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