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Gold Tumbles as India Duty Hike Crushes 2026 Demand by 10%

Moneycontrol Read original source (opens in a new tab)
The Story

News Summary

  • India's gold demand projected to fall 50-60 tonnes in 2026 due to 15% import duty hike and PM appeal to avoid purchases.
  • Higher duties historically increase smuggling while reducing official demand.
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