Gold Import Duty

The effective duty on gold is currently 18.45%, which includes 12.5% import duty, 2.5% agriculture infrastructure development cess and other taxes

India is the world's biggest importer of edible oils and silver and the second-biggest consumer of gold

Indian gold imports in May were recorded at 107 tonnes, a rise of 790 per cent year-on-year, and impacting the current account deficit negatively

Analysts were bullish on Titan before, but may downgrade target price

India's factory output expanded at its slowest pace in nine months in June. More on that in our top headlines

Gross export of gems and jewellery declined by 5.3% to $27.7 bn for the first nine months of this FY

The illegal trade could rise further in coming months as India, the world's second biggest gold consumer, raised an import tax on gold by 2.5 percentage points to 12.5% in July's federal budget

Slash GST rate, bring down import duty on gold from 10%

India's trade deficit narrowed more-than-expected to $12.96 billion in June