Govt hikes duty on gold, silver from 6% to 15% in bid to lower demand – The Times of India
NEW DELHI: Days after PM Narendra Modi’s appeal to reduce gold purchases, the finance ministry on Wednesday raised customs duty on the yellow metal and silver to 15% from 6% in a bid to lower the demand for precious metals.The move pushed up domestic spot market for gold by Rs 9,000-10,000 to about Rs 1.6…