Govt hikes gold, silver import duty to 15 pc to ease forex pressure

IANS | May 13, 2026 9:14 AM

New Delhi, May 13 (IANS) The government on Wednesday announced a hike in customs duties on gold and silver to 15 per cent from 6 per cent as policymakers move to contain pressure on India’s foreign exchange reserves and the external account amid the ongoing West Asia conflict.