India raised import duty on gold and silver to 15% from 6%, increasing bullion costs in the world's second-largest gold market. The new rate combines a 10% basic customs duty and a 5% Agriculture Infrastructure and Development Cess, and it takes effect from midnight tonight. The Finance Ministry's move reverses a July 2024 cut that lowered the effective duty to 6%.
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India Raises Gold and Silver Import Duty to 15% From 6%
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