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The Economic Times

Economy / The Economic Times

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Gold shines despite duty hike, silver imports tumble 66% in July

Gold imports rose slightly in July, while silver imports significantly declined. This trend followed a sharp increase in the customs duty on precious metals. Switzerland remained the primary source for India's gold imports during this period. Cumulatively, gold imports grew substantially, but silver imports saw a decrease. These import figures impact India's overall current account deficit.

13 Aug 2026 6:46 pm