India raises gold and silver tariffs to 15% to curb imports, support rupee

Gold, silver prices jump after Centre hikes import tariffs

The prices of gold and silver in India jumped sharply on Wednesday after the Union government increased import duties on the precious metals, making them more expensive in the domestic market.Gold futures on the Multi Commodity Exchange had risen by nearly 6% to Rs 1.62 lakh per 10 grams as of 10.55 am. Silver futures had jumped by more than 6% to Rs 2.96 lakh per kg.The sharp increase came after the government on Tuesday increased import duties…

India hikes gold, silver duties to protect sliding rupee

Prime Minister Modi had already appealed days ago to the public to avoid buying gold for a year as the rupee's year-long slide against the dollar has worsened during the Iran war.

Rupee recovers 16 paise from all-time low to 95.52 against US dollar in early trade

Forex traders said market participants are expecting some resilience in the dollar-rupee pair as gold importers curb their demand.

Gold jumps Rs 9,206, silver surges Rs 16,743 after import duty hike

Gold and silver prices in India jumped sharply after the Centre raised import duty on both metals to 15%. The move has lifted domestic costs for buyers even as global gold prices edged lower.

Rupee opens stronger at 95.52/$; Gold, Silver jump 6% on MCX

Asian markets traded mixed in early deals as fading enthusiasm around AI and technology stocks slowed Wall Street’s record-setting momentum.

Silver price hits 6% upper circuit to ₹2.95 lk as India hikes import duty amid West Asia tensions, sticky US inflation

Silver prices surged on May 13 due to India's hike in import duties on precious metals. MCX silver hit ₹2,95,805 per kg and gold reached ₹1,62,648 per 10 grams, reflecting strong global support amid inflation and geopolitical tensions.