India hikes gold and silver import duty to 15%, citing forex pressure

https://www.chinimandi.com/india-hikes-gold-and-silver-import-duty-to-15-citing-forex-pressure/

India raised import tariffs on gold and silver to 15 per cent from 6 per cent on Wednesday, as the government moved to curb overseas bullion purchases and ease pressure on the country’s foreign exchange reserves, Reuters reported, citing official orders.