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Tag: Gold import

Gold, silver futures rally 7% after govt raises import duty on bullion

Posted on May 13, 2026 By admin
Gold, silver futures rally 7% after govt raises import duty on bullion

Traders said domestic bullion prices jumped following the increase in import duties. Representational image of gold and silver bars | Photo Credit: Reuters Gold prices rallied by ₹9,723 to ₹1.63 lakh per 10 grams in futures trade on Wednesday (May 13, 2026), while silver soared 7% to approach the ₹3 lakh per kilogram mark after…

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Gold googly bamboozles import data

Posted on January 8, 2025 By admin
Gold googly bamboozles import data

Gold imports accounted for $11.7 billion of the $14.2 billion revision in the year’s import bill. | Photo Credit: Reuters In what may constitute the steepest revision in India’s trade data in recent times, the Centre has revised India’s import bill for November 2024 by almost six billion dollars to $63.86 billion from the record…

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