🌟 Attention precious metals investors! 🌟
🔔 Important Update: The Indian government has raised the import duty on gold and silver findings for making jewellery, as well as on precious metal coins. 🛡️ Now set at 15%, up from 11%, effective Jan. 22. This move brings them in line with duties on gold and silver bars. 📈💰
💡 Additionally, the import duty on spent catalysts containing precious metals has also been increased to 14.35% from 10.1%. 🚀
🛑 The aim is to prevent circumvention of duties on gold and silver bars, following a recent surge in imports of gold findings. 📉🔒
🌍 India, the world’s second largest consumer of gold, relies heavily on imports for its supply. 🌐💎
Stay informed and up-to-date with the latest developments in the precious metals market! 💼💸
#Gold #Silver #Investing #PreciousMetals #MarketUpdate #GovernmentPolicy #DutyIncrease 💰🔔
Source: Reuters 📰
[CTA: Stay ahead of the game and watch this space for more updates! 💡🔍]
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