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The Economic Times

Economy / The Economic Times

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Customs duty hike impact: Gold imports contract to USD 2.3 billion in August

Indias gold imports declined significantly in August following an increase in customs duty, while silver imports rose sharply during the month. However, during the April-August period, cumulative gold imports increased, whereas silver imports declined. Switzerland remained the largest source of gold imports, accounting for a significant share.

15 Sep 2026 10:06 pm