India has no plans to raise gold, silver import duties, govt source says

Kitco Media
By Reuters
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Updated:
Reuters
India has no plans to raise gold, silver import duties, govt source says teaser image

NEW DELHI, May 11 (Reuters) - India has ​no plans to ‌raise duties on gold and ​silver imports, ​a government source said ⁠on Monday, ​a day after ​Prime Minister Narendra Modi urged people to ​avoid buying ​gold for a year ‌due ⁠to the impact of the Iran war.

India ​is ​the ⁠world's second-largest consumer of ​gold and ​the ⁠largest consumer of silver.

Reporting by ⁠Shivangi ​Acharya, writing ​by Shanima Aniyeri; Editing ​by YP Rajesh

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