India doubles gold import duty to 10% to shrink deficit
NewsBytes | May 13, 2026 5:39 AM CST
Experts warn of cooling demand, smuggling
Experts say pricier gold might cool off demand, but it could also lead to more smuggling like we've seen before.
The government hasn't hinted at changing its mind yet, and analysts are watching closely to see how shoppers react and if this move really helps balance India's trade numbers.
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