May 13, 2026, Srinagar, Jammu And Kashmir, India: A shopkeeper arranges gold jewellery as he waits for customers at a shop in Srinagar on May 13, 2026.India has raised import tariffs on gold and silver to 15% from 6%, government orders said on Wednesday, as part of efforts to curb overseas purchases of the metals and ease pressure on the country's foreign exchange reserves.The higher duties could dampen demand in the world's second-largest consumer of precious metals, although they may help narrow India's trade deficit and support the rupee, one of Asia's worst-performing currencies. (Credit I
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May 13, 2026, Srinagar, Jammu And Kashmir, India: A shopkeeper arranges gold jewellery as he waits for customers at a shop in Srinagar on May 13, 2026.India has raised import tariffs on gold and silver to 15% from 6%, government orders said on Wednesday, as part of efforts to curb overseas purchases of the metals and ease pressure on the country's foreign exchange reserves.The higher duties could dampen demand in the world's second-largest consumer of precious metals, although they may help narrow India's trade deficit and support the rupee, one of Asia's worst-performing currencies. (Credit I