Gold on MCX tops ₹163,000 after 15% import duty hike
NewsBytes | May 13, 2026 3:39 PM CST
Nirpendra Yadav sees gold near ₹165,000
Since India imports most of its gold and silver, higher import duties mean extra costs for buyers here, so prices go up fast.
Nirpendra Yadav from Bonanza explained that this duty hike has directly impacted MCX bullion rates, with gold possibly heading toward ₹165,000 or even ₹166,000 soon.
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