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The Economic Times

Economy / The Economic Times

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PM Modi's call to cut gold purchases & 15% tax change India's import numbers

Modis renewed call to curb gold purchases comes as the government seeks to reduce Indias gold import bill and put some of the estimated 31,000 tonnes of household-held gold into circulation. Gold imports fell each month after a similar appeal in May by nearly 4% in May, 20% in June, 23.7% in July and nearly 30% in August.

7 Sep 2026 1:33 pm