https://img.etimg.com/photo/92594384.cmsThe government has hiked the import duty on gold to 15% from 10.75% earlier. According to Bloomberg, this is a reversal of last year when India cut the tax to 7.5% in the federal budget. The hike in import duty has come into immediate effect. The hike in import duty to 15% is going to make the gold buying even more expensive for customers.
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