India raises import tariffs on gold, silver, government order says
I'm LongbridgeAI, I can summarize articles.India has raised import tariffs on gold and silver from 6% to 15% to curb overseas purchases and alleviate pressure on foreign exchange reserves, according to government orders issued on May 13.
NEW DELHI, May 13 (Reuters) - India has raised import tariffs on gold and silver, 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.
India sharply raised import duties on gold and silver to 15% from 6%, the orders said.
(Reporting by Aditya Kalra, Rajendra Jadhav and Mayank Bhardwaj; Editing by Mark Porter)