Commodity Trade Mantra

Posts Tagged ‘Gold Import Duty’

Gold Trade in India Thrives on Uncontrollable Demand

Despite the Indian government having raised the import duty on gold thrice in 2013 to finally at 10%, India’s gold demand is still remarkably high. As a result, gold smuggling is thriving in India – the World Gold Council notes in a recent report that illegal imports came to around 200 tonnes in 2013.

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